Motorbike manufacturer Enfield India, which yesterday introduced the Clasic 500 (See: Royal Enfield launches Classic 500), says that it will invest Rs65 crore on doubling the capacity of its Chennai plant from 50,000 to 1,00, 000 units by 2013.
The new investment is in addition to the Rs65 crore it has already invested in the plant.
According to R L Ravichandran, CEO, Enfield India the company would add a production capacity of about 10,000 units in 2010 and aimed to up production capacity to one lakh units annually by 2013.
Managing director and CEO of Eicher Motors, Siddhartha Lal, parent company of Enfield India said the company generated revenues of Rs300 crore in the January-September period.
He said currently the company sells 4,500 to 5,000 units a month with an annual sales target of about 50,000 units.
He added the company was looking to increase bike sales by 25 per cent with an increase of 20 to 30 per cent in revenues.