Eicher Motors Ltd Key updates

$EICHERMOT Eicher Motors approved a ₹1,225 crore Phase-I investment in a greenfield facility in Andhra Pradesh. The project is expected to add capacity for up to 450,000 motorcycles annually by FY30, taking Royal Enfield’s total capacity to about 2.45 million units. Management is targeting continued growth from Royal Enfield’s premium motorcycle portfolio, international markets and the Flying Flea electric-motorcycle business. Rising commodity costs and competition remain the main margin risks.