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Royal Enfield To Invest INR 700 Crore As Capex For FY 2019-20
2019-04-02 Investments and Borrowings Transport Equipment Southern India
Royal Enfield, a unit of Eicher Motors Limited (EML) and the global leader in mid-sized (250-750cc) motorcycles had announced its planned capital expenditure of INR 700 crore for FY 2019-20. The planned capex will include completion of the construction work of the Technology Centre, Phase-2 of the Vallam Vadagal plant in Tamil Nadu and towards the development of new platforms and products. Also, for 2019-20, Royal Enfield plans a production of 950,000 motorcycles.