India's Royal Enfield to invest over $232 million in new manufacturing plant

Published: 2026-05-07 01:17:28 ET GOOGL

Published on 05/07/2026 at 01:17 am EDT

May 7 (Reuters) - Indian bike maker Royal Enfield plans to invest about 22 billion rupees ($232.24 million) to set up a manufacturing plant in the southern state of Andhra Pradesh, it said on Thursday.

o The Eicher Motors unit will establish the facility in two phases, with the first phase expected to be completed by 2029, and the second slated for 2032.

o The plant will add around 900,000 units to its current annual capacity of around 1.46 million units, as of end-February.

o Andhra Pradesh has drawn investments from Alphabet's Google, Reliance Industries and Adani Group, among others.

o Royal Enfield's project is expected to generate roughly 5,000 direct and indirect jobs.

o The investment marks the bike maker's first major manufacturing expansion outside Tamil Nadu state, the firm said.

($1 = 94.7300 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Sonia Cheema)