Royal Enfield has said that they will be investing Rs 600 crore in the next two years for increasing production and developing new products in the 250cc to 750cc range.
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RE had produced a total of 1.78 lakh units in 2013 and will be hoping to take it to 5 lakh by 2016. The investment will go into capacity expansion, improving research and development (R&D) infrastructure and adding new products.
Siddhartha Lal, MD & CEO, Eicher Motors Ltd -
"We will be making an investment of Rs 600 crore in Royal Enfield towards capacity expansion and development of new global product platforms over 2014 and 2015,"
"Last year, we had set a production target of 2.5 lakh units for 2014, but now it has been revised to 2.8 lakh units considering the demand for our bikes in the market,"
"In the next 5-7 years horizon, we will be entirely focused on the mid sized motorcycle segment (250 cc-750 cc). We do not have any intention to enter below or above this segment."
"We are working on multiple platforms. What will be the final outcome can't be known now,"
"We currently have around 300 dealerships across the country. In the next 2-3 years this number would grow to around 500,"
Source: Eicher to pump in Rs 600cr to ramp up bike production capacity - The Economic Times
RE had produced a total of 1.78 lakh units in 2013 and will be hoping to take it to 5 lakh by 2016. The investment will go into capacity expansion, improving research and development (R&D) infrastructure and adding new products.
Siddhartha Lal, MD & CEO, Eicher Motors Ltd -
Quote:
"We will be making an investment of Rs 600 crore in Royal Enfield towards capacity expansion and development of new global product platforms over 2014 and 2015,"
Quote:
"Last year, we had set a production target of 2.5 lakh units for 2014, but now it has been revised to 2.8 lakh units considering the demand for our bikes in the market,"
Quote:
"In the next 5-7 years horizon, we will be entirely focused on the mid sized motorcycle segment (250 cc-750 cc). We do not have any intention to enter below or above this segment."
Quote:
"We are working on multiple platforms. What will be the final outcome can't be known now,"
Quote:
"We currently have around 300 dealerships across the country. In the next 2-3 years this number would grow to around 500,"