Royal Enfield officially announced that the company would be rolling out more motorcycles from 2013 onwards. The new production plant which is situated in the 50 acre area, at the SIPCOT Industrial Park, at Oragadam, in Chennai is supposed to start functioning by the very first quarter of 2013. With that Royal Enfield will have a tally of 1.5 lakh units of production per year.
"The combined capacity with the Chennai new plant will be 1.5 lakh units and it might get exhausted in 2013 if our current growth rate continues. The new plant is on 50 acres and so we can add capacity at ease with a new line beyond 1.5 lakh units as and when needed," Venki Padmanabhan, CEO of Royal Enfield, commented at the final phase of the roadshow of the Thunderbird 500.
The company has already sold out more than 82000 machines till October this year and the consortium highly aims to meet a target of 1 lakh motors on road by the end of 2012. RE has witnessed more demand and increment in sales rather than previous years' exposure. The two wheeler industry has been noticed a 50% growth of RE. The analysts remark that the fuel-injected engine which was introduced in 2009, with extraordinary advantages in performance and reliability gained more riders to RE.