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Royal Enfield Aims At Huge Investment This Year — For Quality Control?
Royal Enfield has made an official announcement about an investment of Rs 800 crore and her are more details.
Royal Enfield, the Chennai-based two-wheeler manufacturer, is aiming at investing Rs 800 crore this fiscal towards various activities. The investment is said to be part of the company's consolidation process.
The various activities that the investment will be used for include product development, manufacturing facility at Vallam Vadagal, near Chennai, and two technical centres in UK and India, and towards market expansion.
The above-mentioned plans were issued by an official statement by the Managing Director and CEO of Royal Enfield, Siddhartha Lal. The new Royal Enfield plant is expected to be operational in August this year.
Siddhartha Lal also commented saying, "Our immediate business outlook remains strong, and Royal Enfield continues to grow consistently, competitively and profitably towards leading and expanding the mid-sized motorcycle segment globally."
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