Royal Enfield To Make investments Up To Rs 1,500 Crore
Royal Enfield plots new factory in Tamil Nadu, revs up for global ride and EV foray
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Royal Enfield is continually increasing its product portfolio. Likewise, the Chennai-based bike maker has more products planned for the longer term – such because the Shotgun 650, Scram 650, Himalayan 450, Scram 450, and new Bullet 350. With this rapid expansion, the necessity for extra manufacturing preparedness is important to maintain up with rising demand.
Royal Enfield recorded its highest ever gross sales of 8.34 lakh bikes in FY2023. To accommodate further capability and EV goals, the company is reportedly establishing a brand new manufacturing facility. It is going to be located in Cheyyar, outside Chennai.
Royal Enfield’s New Manufacturing Facility: Combining ICE Vehicles and EVs
The report elaborates that Royal Enfield has acquired 60 acres of land in Cheyyar for this new facility. It will require an investment of Rs 1,000 crore – Rs 1,500 crore over the following two years. Establishing a brand new facility can meet future demands.
Royal Enfield’s new facility in Cheyyar will reportedly produce each ICE vehicles and EVs. The power can even take on a number of the duties from Royal Enfield’s Thiruvottiyur manufacturing unit. This entails a budget of as much as Rs. 150 crore to put the groundwork, and the venture’s completion is anticipated to be in 2025.
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Royal Enfield’s EV Plans: Two Different Platforms within the Works
There was speculation that Royal Enfield is developing two completely different EV platforms. The primary is an in-house platform codenamed L1A, which is rumoured to hit the road by 2025. There may be also the EV platform from Spanish EV maker Stark Bikes.
First Royal Enfield electric motorbike is expected to make its market launch in 2025. It is going to be a completely new machine, and never something that shall be based mostly on their present motorbike. Designed to be an EV from ground up, it’s more likely to include a battery pack that can deliver a range of about 100-150 kms in actual world situations.
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More Than Only a Production Plant – Meeting the Challenges of the Future
Royal Enfield’s existing Vallam Vadagal and Oragadam factories have a mixed manufacturing capacity of above one million (10 lakh) models each year. Then there may be the Thiruvottiyur facility as well. Future EV manufacturing is expected to be a prominent role of this new plant.
Their enlargement plans are in full swing, and the corporate’s new manufacturing facility in Cheyyar is an important a part of these plans. And it’ll play a major position in fostering the producer’s future growth. Royal Enfield is poised to take the Indian and world two-wheeler markets by storm with its rising product line-up, focus on increased exports, and EV plans.
You may like it : Suzuki announces 2023 summer test ride tour dates
#Royal #Enfield #Invest #Crore
Royal Enfield To Make investments Up To Rs 1,500 Crore
Royal Enfield plots new factory in Tamil Nadu, revs up for global ride and EV foray
You may like it : Keeway 300cc Motorcycles Price Cut By Rs 55,000
Royal Enfield is continually increasing its product portfolio. Likewise, the Chennai-based bike maker has more products planned for the longer term – such because the Shotgun 650, Scram 650, Himalayan 450, Scram 450, and new Bullet 350. With this rapid expansion, the necessity for extra manufacturing preparedness is important to maintain up with rising demand.
Royal Enfield recorded its highest ever gross sales of 8.34 lakh bikes in FY2023. To accommodate further capability and EV goals, the company is reportedly establishing a brand new manufacturing facility. It is going to be located in Cheyyar, outside Chennai.
Royal Enfield’s New Manufacturing Facility: Combining ICE Vehicles and EVs
The report elaborates that Royal Enfield has acquired 60 acres of land in Cheyyar for this new facility. It will require an investment of Rs 1,000 crore – Rs 1,500 crore over the following two years. Establishing a brand new facility can meet future demands.
Royal Enfield’s new facility in Cheyyar will reportedly produce each ICE vehicles and EVs. The power can even take on a number of the duties from Royal Enfield’s Thiruvottiyur manufacturing unit. This entails a budget of as much as Rs. 150 crore to put the groundwork, and the venture’s completion is anticipated to be in 2025.
You may like it : Best bike in India
You may like it : KTM announces new £500 saving on 125 Duke and RC 125
Royal Enfield’s EV Plans: Two Different Platforms within the Works
There was speculation that Royal Enfield is developing two completely different EV platforms. The primary is an in-house platform codenamed L1A, which is rumoured to hit the road by 2025. There may be also the EV platform from Spanish EV maker Stark Bikes.
First Royal Enfield electric motorbike is expected to make its market launch in 2025. It is going to be a completely new machine, and never something that shall be based mostly on their present motorbike. Designed to be an EV from ground up, it’s more likely to include a battery pack that can deliver a range of about 100-150 kms in actual world situations.
You may like it : 2023 Bajaj Pulsar 125 E20 Will get FI Engine
More Than Only a Production Plant – Meeting the Challenges of the Future
Royal Enfield’s existing Vallam Vadagal and Oragadam factories have a mixed manufacturing capacity of above one million (10 lakh) models each year. Then there may be the Thiruvottiyur facility as well. Future EV manufacturing is expected to be a prominent role of this new plant.
Their enlargement plans are in full swing, and the corporate’s new manufacturing facility in Cheyyar is an important a part of these plans. And it’ll play a major position in fostering the producer’s future growth. Royal Enfield is poised to take the Indian and world two-wheeler markets by storm with its rising product line-up, focus on increased exports, and EV plans.
You may like it : Suzuki announces 2023 summer test ride tour dates
#Royal #Enfield #Invest #Crore