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Article: India: Royal Enfield to double capacity at Chennai plant.

Article from:
TendersInfo
Article date:
November 5, 2009
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Byline: shiv03

Motorbike manufacturer Royal Enfield said on Wednesday that it plans to invest Rs 65 crore to double the capacity of its Chennai plant from 50,000 to one lakh units by 2013.

This is apart from the Rs 65 crore the company has already invested in the plant.

We will add a production capacity of about 10,000 units in 2010 and by 2013 we aim to reach annual production of one lakh units, said Mr R L Ravichandran, CEO, Royal Enfield, at the sidelines of a bike launch.

The company has generated revenues of Rs 300 crore in the January-September period, said Mr Siddhartha Lal, Managing Director and CEO, Eicher Motors.

He ...

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