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Royal Enfield to invest $100 million in 2019-20

2Apr By AnkitaNo Comments

Automobile

Royal Enfield to invest $100 million in 2019-20

Eicher Motors, the subsidiary of Royal Enfield has said that they are having $100 million investment expenditure plan for Royal Enfield in FY19-20 The investment will use mostly to set up and start the new production plant. The company said, "the second phase of our Vallam Vadagal plant near Chennai, Tamil Nadu is progressing well and is expected to commence commercial production in the second half of this financial year. The construction of the Technology Centre in Chennai is also nearing its completion". "With a wide distribution network in India, growing international presence and building state-of-the-art capabilities in product development, Royal Enfield is well on its way to grow the middleweight motorcycle segment globally in the coming years," company added. In FY 2018...

Royal Enfield Planning to Bring an Electric Motorcycle Soon

5Jun By Lavina TolaniNo Comments

BUSINESS

Royal Enfield Planning to Bring an Electric Motorcycle Soon

The maker of the Classic 350 motorcycle under the banner of Eicher Motors Ltd, Royal Enfield is currently working on an electric motorcycle platform to advance its idea of pure motorcycling, as informed by president Rudratej Singh. A small team at company's UK technology sector is currently working towards the development of a new electric platform that will replace existing ones and will comply with new emission norms once they come into effect. Speaking of the ongoing development, Rudaratej Singh, said, The company, which claims to be the oldest motorcycle maker in continuous production in the world, “may need to look at things differently for electrical because we are still learning. At present, Royal Enfield has its research and product development wing situated in its two tech...

Trump’s Harley Davidson Vs Modi’s Royal Enfield- The Beginning of Motorcycle War

14Feb By NitishNo Comments

BUSINESS, USA

Trump’s Harley Davidson Vs Modi’s Royal Enfield- The Beginning of Motorcycle War

The Supreme Leader of United States Donald Trump took a dig on India for high import tariff on Harley-Davidson motorcycles. Mr. President during a discussion with Congress members called it "unfair" and warned that in future they may increase the tariff on import of Indian motorcycles to the US. During discussion he said the recent decision of the Indian government to reduce the tariff from 75 per cent to 50 per cent was not enough and asked that it should be reciprocal, as the US imposes "zero tax" on the import of motorcycles. "We have so many countries where we make products, and they make products. We pay a tremendous tax to get motorcycles into their countries. But, Harley Davidson goes into certain countries. I won't mention the fact that it happens to be India, in this case,"...

Royal Enfield Rides into Brazilian Market

21Apr By Press Trust of IndiaNo Comments

INDIA, News

Royal Enfield Rides into Brazilian Market

Niche bike maker Royal Enfield today announced its entry into Brazil, the fourth largest two-wheeler market in the world. The company has entered the Latin American country with three models-- Bullet 500, Classic 500 and the Continental GT cafe racer. It has set up its second direct distribution subsidiary outside India in Brazil, with having established the first such entity in the US in 2015. The newly-formed subsidiary - Royal Enfield Brazil - at Sao Paulo will sell bikes to dealers, as well as conduct all front-end development and support activities such as marketing and after-sales in the country. A flagship store has also been opened in the city. "We are delighted to be formally entering Brazil, and are able to offer our motorcycles to a whole new group of customers, that...