State Investment Promotion Board (SIPB) Clears ₹2,200 Crore Royal Enfield (RE) Investment in Andhra Pradesh

Key facts

• RE, a brand under Eicher Motors Ltd (EML), will invest ₹2,200 crore in two phases, with completion targets of 2029 and 2032, to establish a manufacturing facility and vendor park in Andhra Pradesh.
• The project marks the first manufacturing expansion for RE outside Tamil Nadu since the brand commenced its operations in the state in 1955.
• The facility, spanning 276 acres in Vanelluru and Rallakuppam villages of Satyavedu in Tirupati district, aims to increase RE's annual capacity by 900,000 motorcycles from the current 1.46 million units.
• The SIPB cleared the proposal which is estimated to create 5,000 jobs, supporting RE's 88% domestic market share in the mid-size motorcycle segment.
• Tamil Nadu recorded the highest real Gross State Domestic Product (GSDP) growth rate among Indian states in FY25 at approximately 11.19%.