Rs 1,500 crore investment planned by Royal Enfield
Indian multinational motorcycle manufacturing company Royal Enfield has acquired 60 acres of land in Cheyyar for this new facility. The project would require an investment of Rs 1,000 crore – Rs 1,500 crore over the next two years.
The new factory will reportedly produce both ICE vehicles and EVs (Electric Vehicles). The facility will also take on some of the duties from Royal Enfield’s Thiruvottiyur factory. This entails a budget of up to Rs. 150 crore to lay the groundwork, and the project’s completion is expected to be in 2025.
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