Royal Enfield to Invest ₹2,200 Crore in Andhra Pradesh

¨     Eicher Motors-owned two-wheeler manufacturer Royal Enfield plans to invest ₹2,200 crore in a new manufacturing facility and vendor park in Andhra Pradesh.

¨     The project will be established at Satyavedu in Tirupati district near the Andhra Pradesh–Tamil Nadu border.

¨     This will be Royal Enfield’s first major production expansion outside Tamil Nadu.

¨     The Andhra Pradesh government has allocated around 267 to 450 acres of land for the project in Vanalluru and Rallakuppam villages of Satyavedu mandal.

¨     Satyavedu is a mandal in Tirupati district located close to the interstate border with Tamil Nadu.

¨     The project has been approved by the Andhra Pradesh State Investment Promotion Board.

¨     The board is chaired by N. Chandrababu Naidu.

¨     The new facility is expected to increase Royal Enfield’s annual production capacity by nearly 9 lakh units.

¨     The company’s current annual production capacity is around 14 lakh units.

¨     The manufacturing hub will be developed in two phases.

¨     The first phase is targeted for completion by 2029.

¨     The second phase is expected to be completed by 2032.

¨   The project is likely to generate around 5,000 direct and indirect employment opportunities.