On 07 December 2015
Eicher Motors announced that due to heavy rains and flooding in Chennai, both of Royal Enfield's production facilities in Thiruvottiyur and Oragadam were shut since the 01 December 2015.The Company resumed production of motorcycles on 07 December 2015. However, due to a high rate of absenteeism by the Company's employees, and issues with our local suppliers - The Company will be running at approximately 50% capacity this week, and plan to be back up to 100% capacity by next week.
Prima facie, there is no damage to equipment or property and all our employees are safe and secure. The Company have had production loss of 7200 motorcycles due to the closure of both the Company's manufacturing facilities between 1-6 December 2015. Many parts of the supply chain still continue to be affected due to the aftermath of floods.
Due to the rains, in November The Company lost production of 4000 motorcycles.
The Company continue to monitor the situation closely and work in the best interest of all the Company's stakeholders. The Company would be able to assess the insurance loss in due course, once the full normalcy is restored.
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