Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 11 2018

Royal Enfield to set up its subsidiary in Thailand

At present, the company is shipping its products to more than 51 countries from India.

As part of its plan to strengthen overseas presence, Bike manufacturer Royal Enfield will soon open its subsidiary in Thailand. It will be setting up a subsidiary to manage operations in Thailand.

At present, the company is shipping its products to more than 51 countries from India.

Shaji Koshy, Head-India Business, Royal Enfield, said, "Currently, in Brazil, we have got a subsidiary. In Thailand, we are just going to open it. We have got our own office in the United Kingdom. The local team in these countries is managing." 

The company's move to set up subsidiaries is targeted at becoming a mid-size player in the 250cc-750cc segment category.

"What we did in India, we know we can replicate that across the world. For India (Interceptor), it will be a premium player. For many European and North America, this is entry level motorcycle. We will look at Latin American countries. You know we already export to 51 countries," Koshy further stated.

Royal Enfield is also planning to set up pre-owned showrooms under the brand Vintage in the country. Seven such showrooms have already been set up across India.

Koshy added, "We are having Vintage stores at seven locations across the country. We have plans to have 10 stores by March 2019."

Comment
image
Related opportunities
  • About Us: Cyber Security Academy (CSA) is a brand of SkillCube...
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Adventurous Sporting
    About Us : The Sports Gurukul (TSG) is Mumbai’s first of..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    The company was incorporated in 2017 and is successfully since..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • After School Activities
    About Us: Kumon is the world’s leading after-school enrichment programme. Founded..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2005
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities