Eicher Motors’ motorcycle arm -- Royal Enfield is developing uniquely differentiated electric motorcycles and has already started investing towards product development and creating a supplier ecosystem around its Chennai-based plant.
Royal Enfield has announced a capex of Rs 1,000 crore for the current fiscal with a focus on various aspects, including EV manufacturing and product development. Part of the capex would also go into the rolling out of new products from the company's existing internal combustion engine portfolio.
Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.
