Eicher Motors is planning to invest Rs 600 crore in two years to increase its production capacity and to develop new global platforms.
The proposed investment will be utilised for capacity expansion, improving research and development (R&D) infrastructure and adding new products. Eicher Motors intends to increase the production capacity of its motorcycle division Royal Enfield. It is planning to develop the new platforms for mid-sized motorcycle segment (250 cc-750 cc) in the next five years.
The company is looking forward to commissioning the work at its Oragadam unit in Chennai, Tamil Nadu, by 2016. The project will have a total capacity of five lakh units per annum.