Motorcycle manufacturer Royal Enfield recently commenced production at its new factory at Vallam Vadagal near Chennai.

Spread over 50 acres, the plant is Royal Enfield’s third manufacturing facility, and will produce motorcycles for domestic and international markets.

In 2016-17, Royal Enfield, which is part of Eicher Motors, produced and sold 667,135 motorcycles and during this fiscal, the combined production capacity from all the three plants is expected at 825,000 units.

The company said its order book continues to be strong and there is a large unmet demand.

During the April-July 2017 period, Royal Enfield sold 248,457 motorcycles, registering an increase of 24 per cent when compared with a year-ago volumes.

Domestic sales grew by 24 per cent at 242,039 units during this period, while exports grew 19 per cent.

Siddhartha Lal, Managing Director & CEO, Eicher Motors, told the recent earnings conference call that the waiting period for its largest selling model Classic 350 was about two months, while for other models it is less than a month.

Royal Enfield has planned to invest ₹800 crore during this fiscal, largely towards capacity expansion at Vallam Vadagal, new products and platforms, and technical centres in Leicester, UK, and Chennai to support its growth plans.

HBL

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