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EICHER MOTORS LTD. - Eicher Motors Ltd reply to clarification sought by the exchange
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23 Feb 2015
The Exchange had sought clarification from Eicher Motors Ltd with respect to news appearing on Economic Times Website on February 18, 2015 titled &quot;Royal Enfield to invest Rs 500 crore on capex, tech centers&quot;&lt;BR&gt;&lt;BR&gt;Eicher Motors Ltd replied stating &quot;Over the last many years, the demand for our products has been growing rapidly. In order to meet this market demand, we have been increasing our production capacity. Also, in order to ensure longer term growth, our focus is on developing new products, expanding distribution network and strengthening our organisational capabilities in sales/marketing, information technology, human resources etc. Also, we intend to build 2 technology centres - a larger centre in Chennai, India and a smaller satellite centre in UK. These will strengthen our capabilities in product development.&lt;BR&gt;&lt;BR&gt;The capex of Rs. 500 crores will be invested in all of these areas.&quot;
View all announcements for EICHER MOTORS LTD. Source: BSE India