Royal Enfield, a unit of Eicher Motors Ltd, has committed to investing Rs 3,000 crore over the next eight years in Tamil Nadu, focusing on greenfield and brownfield projects. The non-binding Memorandum of Understanding (MoU) was signed during the Tamil Nadu Global Investors Meet 2024 in Chennai, aiming to foster the development of new products.
As of 2:00 pm, the company’s shares experienced a marginal decline, trading 0.11% lower at ₹3,880.10. Royal Enfield’s substantial investment is anticipated to create approximately 2,000 direct and indirect job opportunities in the region, contributing to economic growth and development.
