Eicher Motors is reportedly planning to invest about Rs 1,250 crore across its two-wheeler and commercial vehicle (CV) businesses during 2017-18. Of total, the company will allocate Rs 800 crore investments for Royal Enfield and Rs 450 crore for VECV’s commercial vehicle business growth.
Royal Enfield’s third manufacturing facility is expected to commence production in August 2017. With its third plant, the combined annual capacity of Royal Enfield is expected at 825,000 motorcycles in 2017-18.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana. VE Commercial Vehicles is a JV between Volvo AB and Eicher Motors.