Royal Enfield, the two-wheeler division of Eicher Motors, will invest Rs 500 crore this year on various activities, including setting up of two technology centres and increasing its production capacity to 4.5 lakh units annually.
Royal Enfield, the two-wheeler division of Eicher Motors , will invest Rs 500 crore this year on various activities, including setting up of two technology centres and increasing its production capacity to 4.5 lakh units annually.
"Royal Enfield will be investing Rs 500 crore in 2015 towards product development, capex and other development areas," Eicher Motors Ltd Managing Director & CEO Siddhartha Lal said in a statement. As part of its overall business expansion plans, the firm will set up two technology centres - one in Chennai and another in the UK.
"With a view to become the leader in the global mid-sized motorcycling, Royal Enfield will build two new technology centers," Lal said. He said the larger one will be at a new 4.5 acre property that the company has acquired on Old Mahabalipuram Road in Chennai and will be operational by second quarter of 2016.
"A smaller satellite center is being set up in Leicestershire, UK and will be operational by the end of 2015," Lal said.
These technology centres will significantly enhance the company's capability to execute its long term product strategy, he added. The Chennai-based firm is increasing its manufacturing capacity to 4.5 lakh units annually as against 4 lakh units at present.
Commenting on enhancing the production capacity, Lal said: "Royal Enfield continues to grow at a phenomenal pace and this year we have achieved our best ever sales of over 3,00,000 units.
In 2015, we plan to manufacture 4,50,000 units." Royal Enfield currently sells various models, including Bullet, Classic, Thunderbird and Continental GT.
Eicher Motors stock price
On February 16, 2015, Eicher Motors closed at Rs 16109.45, down Rs 132.55, or 0.82 percent. The 52-week high of the share was Rs 16895.00 and the 52-week low was Rs 4810.00.
The company's trailing 12-month (TTM) EPS was at Rs 206.21 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 78.12. The latest book value of the company is Rs 509.26 per share. At current value, the price-to-book value of the company is 31.63.
Anda sedang membaca artikel tentang
Royal Enfield to invest Rs 500 cr on capex, tech centers
Dengan url
http://kebugaranhidup.blogspot.com/2015/02/royal-enfield-to-invest-rs-500-cr-on.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Royal Enfield to invest Rs 500 cr on capex, tech centers
namun jangan lupa untuk meletakkan link
Royal Enfield to invest Rs 500 cr on capex, tech centers
sebagai sumbernya
0 komentar:
Posting Komentar