Express HuntExpress Hunt
  • HOME
  • POLITICS
  • SPORTS
  • BRAND STORIES
  • ENTERTAINMENT
  • OPINION
Search
  • Advertise
© 2022 Express Hunt . All Rights Reserved.
Reading: Royal Enfield Invests in Unique Electric Motorcycles, Plans Supplier Ecosystem Development
Share
Notification Show More
Latest News
Veer Pet: Pioneering High-Quality Plastic Packaging Solutions from Durgapur
June 21, 2025
“Er. Prabhat Kumar Prasad: A Beacon of Excellence for the Next Generation of Civil Engineers
June 21, 2025
World’s Best Viral Premium Luxury Car Perfume ‘Royal John’ Officially Launched in India
June 14, 2025
Empowering Youth: Lazarus Union CSLI India Leads Students to Vienna for a Transformative Experience in UN SDGs
June 5, 2025
Nikhil Arora: The Indian Visionary Building a New Global Standard for Experiential Living
June 5, 2025
Aa
Express HuntExpress Hunt
Aa
Search
  • HOME
  • POLITICS
  • SPORTS
  • BRAND STORIES
  • ENTERTAINMENT
  • OPINION
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Royal Enfield Invests in Unique Electric Motorcycles, Plans Supplier Ecosystem Development
AutoIndianews

Royal Enfield Invests in Unique Electric Motorcycles, Plans Supplier Ecosystem Development

EH Team
EH Team
Last updated: 2023/05/21 at 2:46 PM
Share
3 Min Read
SHARE

Royal Enfield, a prominent motorcycle manufacturer and a subsidiary of Eicher Motors, is making significant strides in the development of unique electric motorcycles. CEO B Govindarajan has confirmed that the company has already begun investing in product development and establishing a supplier ecosystem at its plant in Chennai, India.

With a focus on EV manufacturing and product development, Royal Enfield has allocated a capital expenditure (capex) of Rs 1,000 crore for the current fiscal year. This investment will not only support the development of electric motorcycles but also facilitate the introduction of new products from the company’s existing internal combustion engine portfolio.

During an analyst call, Govindarajan expressed his optimism about Royal Enfield’s EV journey, stating that it is now in “top gear.” The company’s objective is to create electric motorcycles that are distinct and embody the strong Royal Enfield DNA. To achieve this, Royal Enfield has assembled a capable team and is making substantial investments in product development, strategy, and testing.

Govindarajan highlighted the company’s robust long-term product and technology roadmap for electric vehicles. Currently, Royal Enfield is focused on developing a supplier ecosystem to support its EV ambitions. Extensive prototyping and testing activities are underway as the company is fully committed to realizing its vision for electric motorcycles.

Royal Enfield has also made a strategic investment in Stark Future, a Spanish electric motorcycle maker. This collaboration allows both companies to learn from each other and capitalize on their respective strengths. The investment in Stark Future, amounting to 10.35% equity stake for 50 million euros, further reinforces Royal Enfield’s commitment to the EV segment.

In addition to its EV initiatives, Royal Enfield will allocate a portion of the capex towards expanding its network in the domestic market. Currently, the company operates around 2,100 retail outlets in India, consisting of a mix of studio stores and dealership outlets. The focus is on a measured expansion approach that ensures the profitability of each outlet and dealer.

Overall, Royal Enfield’s investments and efforts in electric motorcycles demonstrate its commitment to embracing the evolving landscape of the automotive industry. With a strong emphasis on product development, supplier ecosystem creation, and strategic collaborations, Royal Enfield aims to establish itself as a key player in the electric two-wheeler segment while continuing to cater to its loyal customer base with its internal combustion engine portfolio.

You Might Also Like

Arun Matheswaran’s “Captain Miller” Makes Waves at the Box Office

India vs England Test Series Kicks Off with Exciting Offers

Cult Leader and Associates Ordered for Mental Health Evaluations

Indian Railways Takes Swift Action Against TTE Misconduct

Dua Lipa Advocates for Humanitarian Cease-Fire Amid Israel-Hamas Conflict

TAGGED: Auto, Bikes, Electric Motorcycles, Express hunt, Royal Enfield
EH Team May 21, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Surprise0
Wink0
Cry0
Previous Article Delhi High Court Rejects PIL for Introduction of Legal Studies in Schools
Next Article Tragedy Strikes as Woman Drowns in Bengaluru Underpass During Heavy Rains
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

- Advertisement -
Ad imageAd image

Latest News

Veer Pet: Pioneering High-Quality Plastic Packaging Solutions from Durgapur
Brand Stories June 21, 2025
“Er. Prabhat Kumar Prasad: A Beacon of Excellence for the Next Generation of Civil Engineers
Brand Stories June 21, 2025
World’s Best Viral Premium Luxury Car Perfume ‘Royal John’ Officially Launched in India
Brand Stories June 14, 2025
Empowering Youth: Lazarus Union CSLI India Leads Students to Vienna for a Transformative Experience in UN SDGs
Brand Stories June 5, 2025
Follow US

© 2022-2024 Express Hunt . All Rights Reserved.

  • About EH
  • Privacy Policy
  • Get In Touch
  • My Bookmarks
  • Our Authors

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?