Eicher Motors Ltd would invest Rs 800 crore, part of which would go towards doubling the capacity of the Volvo-Eicher truck plant and setting up a new engine facility.It is also doubling the manufacturing capacity of the niche bikemaker Royal Enfield – a unit of Eicher Motors. The investment will be funded through internal accruals. Eicher will also launch a 25-tonne tipper truck and a rear engine low-floor bus in next five months.
The company will be investing Rs 500 crore to double our commercial vehicle capacity at Pithampur to 8,000 units a month in the next three years. The company is also investing Rs 300 crore to set up a medium duty engine plant, which will cater to Volvo's global needs. The engine plant will have a production capacity of 85,000 units a year.
The company is in the process of setting up a new facility to ramp up production of its motorcycles to 10,000 units a month over the next few years.
