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BRITISH INVESTMENT FOR ROYAL ENFIELD

Royal Enfield is to invest £52m this year on product development and other areas, as it increases the brand’s model range and production capacity to 450,000 units annually, according to managing director and chief executive Siddhartha Lal.

As part of overall business expansion plans, the firm will set up two technology centres — one in India and another in the UK. The larger one will be at a 4.5-acre site in the southern Indian city of Chennai close to Royal Enfield’s production plants, and should be operational by the second quarter of 2016. A smaller satellite is to be established in Leicestershire by the end of 2015.

“These technology centres will significantly enhance the company’s capability to execute its long-term product strategy,” said Lal.

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