Niche bike maker Royal Enfield, plans to invest Rs 600 crore during the current fiscal for product development, setting up of two R&D centres and expansion of manufacturing capacities in India and the UK. The company sells various popular models like Bullet, Classic, Thunderbird and Continental GT.
“We will be investing Rs 600 crore towards product development, setting up of the two technical centres, in leicestershire, UK and Chennai, enhancing our manufacturing capacity and market development activities across geographies,” Eicher Motors ltd MD & CEO Siddhartha lal said.