Royal Enfield's first EV to hit Indian market in 2025, says CEO Lal
The company has committed over Rs 1,000 crore in capex and a large part of the investment is likely to go into electric vehicle development.
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The company has committed over Rs 1,000 crore in capex and a large part of the investment is likely to go into electric vehicle development.
B. Govindarajan said that the company is currently collaborating with battery manufacturers, system integrators and other suppliers. The new electric Royal Enfields will be rolled out from the company’s Vallam Vadagal plant on the outskirts of Chennai in the initial phase, he said.
Royal Enfield is setting up a new factory in Tamil Nadu that will manufacture both ICE and EV bikes from the new plant.
Royal Enfield is hard at work towards bringing its first EV to the market, with a target of the second half of 2024. Click here to know more.