Motorcycle manufacturer Royal Enfield, a division of Eicher Motors Ltd, has committed an investment of Rs 3,000 crore spread across eight years in Tamil Nadu for the development of new products. This financial commitment is anticipated to generate approximately 2,000 direct and indirect job opportunities in the region.
The Memorandum of Understanding (MoU) inked with the Tamil Nadu government during the Global Investors Meet outlines the utilization of funds for establishing greenfield and brownfield projects, focusing on new product development, Electric Vehicles (EVs), and capacity building, including enhancements for internal combustion engines (ICE), as needed.
The CEO of Royal Enfield, B Govindarajan, exchanged documents with Tamil Nadu Industries Department Secretary V Arun Roy during GIM 2024 in the presence of Chief Minister M K Stalin.
Govindarajan expressed gratitude for Tamil Nadu’s consistent support and emphasized the strategic significance of this investment for Royal Enfield in the state.
The MoU emphasizes infrastructural support and regulatory facilitation, with the government prioritizing uninterrupted power supply and other essential infrastructure support.
The company looks forward to partnering with the government to positively impact the community and contribute to the state’s overall economic prosperity, Govindarajan stated.
Royal Enfield’s manufacturing facilities in Oragadam and Vallam Vadagal currently produce a range of motorcycles. The forthcoming expansion aims to fortify the company’s production capabilities and further establish the state as a major automotive hub.
