Royal Enfield to set up 2nd plant near Chennai


Eicher Motors on Tuesday said its two-wheeler division, Royal Enfield, will set up a new manufacturing facility at Oragadam, near Chennai, with an initial installed capacity of 1.5 lakh units per annum by March, 2013. The proposed 50-acre facility is likely to see a total investment of up to Rs 350 crore over the next five years.

Tamil Nadu chief minister Jayalalithaa on Tuesday officially allotted land for construction of the plant at the Oragadam SIPCOT Industrial Park, near Chennai.
"We have received the letter for the land from the state government. We will start construction immediately after getting the possession. We should be ready with the plant by the first quarter of 2013," Eicher Motors Managing Director and CEO Siddhartha Lal told PTI. With addition of new capacities, the company will be able to reduce the waiting periods of its bikes. It is currently about 6-8 months. 
[Source:hindustantimes.com]

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