CorporateRoyal Enfield to launch 2 bikes; ramp up capacity by 35%
Heavy-weight motorbike maker Royal Enfield today said it will launch two models by early next year and plans to expand its overall production capacity by over 35 per cent by 2010.
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"We have plans, we have enough engine platforms for bringing in new models. We will be launching two more models by the end of this year or early next year," Royal Enfield Divisional General Manager (Sales and Marketing) Shaji Koshy told PTI.
At present, the company is evaluating possibilities for launching the two bikes with two different engines, twinspark 350cc and 500cc engine with EFI technology, he added.
The company is also increasing its production capacity to 60,000 units per annum by 2010 from the existing 44,000 bikes a year at its facility in Chennai.
Koshy, however, declined to disclose whether the new models would be exclusively for the domestic market or for exports, saying the company would decide at the time of the launch.
"On an average, our bikes are on one month waiting period. To counter this problem, we are increasing our capacities every year. This year, it will reach 50,000 units and we will ramp it up to 60,000 units by next year," Koshy said, adding the company would invest Rs 25 crore in enhancing capacities and launching new products by 2010.