 "The 411cc Himalayan was launched in Mumbai on Wednesday, March 16, 2016. Picture: Kamlesh Pednekar")
Eicher Motors on Friday said Royal Enfield would invest around Rs 800 crore to expand its capacity to meet the growing demand, developing new products and market expansion.
The proposed investment by Royal Enfield would be made towards the company's upcoming manufacturing facility at Vallam Vadagal near Chennai, product development, two technical centres in the UK and India and towards market expansion.
The plant is expected to be operational by August 2017. With this third plant, combined capacity of Royal Enfield is expected to be 825,000 motorcycles in 2017-18.
“Our immediate business outlook remains strong and Royal Enfield continues to grow
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