Published On:February 19 2015
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Royal Enfield to invest Rs. 500 cr in various activities.
Royal Enfield, the two-wheeler division of Eicher Motors, will invest Rs. 500 crore this year on various activities, including setting up of two technology centres and increasing its production capacity to 4.5 lakh units annually.
'Royal Enfield will be investing Rs 500 crore in 2015 towards product development, capex and other development areas,' Eicher Motors Ltd. Managing Director & CEO Siddhartha Lal said in a statement.
As part of its overall business expansion plans, the firm will set up two technology centres - one in Chennai and another in the UK.
'With a view to become the leader in the global mid-sized motorcycling, Royal Enfield will build two new technology centers,' Lal said.
He said the larger one will be at a new 4.5 acre property that the company has acquired on Old Mahabalipuram Road in Chennai and will be operational by second quarter of 2016.