Motorcycle manufacturer Royal Enfield will introduce a new variant 'Continental-GT' equipped with a 525 cc engine by year end, a top company official said today.
"We are planning to introduce the Continental-GT by year-end..." Eicher Motors Ltd., Managing Director and CEO, Siddhartha Lal told reporters here, after rolling out the first motorcycle from its second manufacturing plant at Oragadam near here.
Lal, responding to a query, said, "we are looking at introducing Continental-GT with a 525 cc engine to be produced from this (Orgadam) facility".
Royal Enfield, part of Eicher Motors Ltd, currently retails Bullet, Classic and Thunderbird models equipped with 350 cc and 500 cc displacements. The company operates through 11 stores and 250 dealers across the country. The company also exports to 40 countries including USA, Japan and United Kingdom.
Royal Enfield rolls out first motorcycle from Oragadam plant
Royal Enfield, the premium motorcycle maker and part of the Eicher Motors Group, today rolled out its first bike from its second manufacturing facility in the country at Oragadam near here.
The company has invested Rs 150 crore for first phase of the facility spread on a 50 acre land, situated 45 km from here. Its first facility is located at Thiruvottiyur near Chennai, which is spread over 10 acres.
After rolling out the first motorcycle from the plant, Eicher Motors Managing Director and CEO Siddhartha Lal told reporters that the first commercial production commenced today.
"...The plant was in trial production for few months. We have completed the construction of the plant in a record time of 11 months...," he said.
Stating that the plant would initially produce 1.50 lakh motorcycles, he said the capacity will be ramped up to 1.75 lakh motorcycles towards the end of this year.
Terming this facility's inauguration as a "nucleus of our global ambitions", in second phase, the company plans to produce 2.50 lakh motorcycles in 2014, he said, adding, it produced 1.13 lakh units last year.
The new facility would initially produce the Desert Storme and Thunder 350 and 500 cc models.
The company would be able to see some decline on the waiting period of some of its models from eight months to six months with the inauguration of new plant, he said.
Despite the company experiencing a difficult period during 1990s, "we stuck to our guns and pursued our goals. Now, over a decade, we have been able to become the largest two-wheeler brand in India and globally, registering a 50