Royal Field is all set to invest Rs 3,000 crore in Tamil Nadu in the next 8 years.

As per the details shared by the company, it has signed a Memorandum of Understanding (MoU) with a state government, preparing to spread business and set up greenfield and brownfield projects in the region.

RE’s CEO B Govindarajan said, “Tamil Nadu has been our home; anchor for our engineering, technical and manufacturing foundations for several decades. This strategic investment in Tamil Nadu marks a significant milestone for us at Royal Enfield. We extend our heartfelt gratitude to the Government of Tamil Nadu for their unwavering support, and we are eager to partner with the government and create a positive impact on the community and contribute to the state’s overall economic prosperity.”

The MoU was signed at Global Investors Meet 2024 in Chennai, where Eicher Motors Limited (Parent company of RE) says that investment will be used to develop new products, including EVs, and capacity expansion.

The expansion of work and investment in the state is expected to raise the employment rate, providing an overall 2,000 new job opportunities to the residents in both direct and indirect manner.