Royal Enfield to focus on the transition to BS6 emission norms and to strengthen its product development this year.
Royal Enfield has announced that they will invest Rs. 700 crores for the financial year 2019-20. This capital expenditure includes the completion of the Technology Centre, Phase-2 of the Vallam Vadagal plant in Tamil Nadu and also towards the development of new platforms and products. The company also has a goal to have a production output of 9.5 lakh bikes.
In the previous financial year, the 2-wheeler manufacturer had announced the formation of its wholly-owned subsidiary in Thailand. Now, to strengthen its hold in the ASEAN region, Royal Enfield recently announced its upcoming assembly operations in Thailand. This will be a first assembly line-up for the company outside of India, it is expected to be operational by June 2019.
With the upcoming assembly operations expected to come on stream in H1 FY 2019-20, the company also plans to further expand dealer presence in the region. The company is well poised to fill the gap in the mid-sized segment in the ASEAN region. The Indian bike maker has also announced the appointment of Vinod K Dasari as the Chief Executive Officer of Royal Enfield.
Royal Enfield Investment
– The company plans to produce 9.5 lakh motorcycles in the new financial year
– Royal Enfield plans to expand dealer presence in the ASEAN region
– Vinod K Dasari is the new Chief Executive Officer of Royal Enfield