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Eicher Motors’ arm to invest Rs 600 crore in current fiscal

06 May 2016 Evaluate

Eicher Motors’ subsidiary -- Royal Enfield is planning to invest Rs 600 crore during the current fiscal for product development, setting up of two R&D centres and expansion of manufacturing capacities in India and the UK. The UK technology centre will be operational by the second half of 2016-17, while the Chennai centre in India will be operational by 2017-18. In FY 2016-17, the company is planning to manufacture 675,000 motorcycles.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.

Peers
Company Name CMP
Bajaj Auto 10080.00
TVS Motor Company 3977.00
Hero MotoCorp 5035.35
Eicher Motors 7050.00
OLA Electric Mobilit 29.90
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