Q: Hi, I am Rajesh. I have heard that the FAB Motors is setting up a anew facility in Hyderabad soon. It is a very old company and I want to know some more information regarding this. I am an Automobile Engineer by profession and am really interested to know if this is true or not.
I have heard that this plant will create and direct and indirect employment to around 25,000 people. I think that is a great thing as many people will now come in to this city for employment. Also, many other automobile companies will want to invest in here now.
Some of the investment will be actually be borne by the Regal raptors motors and the remaining will be paid by the FAB motors by tying up with banks. Over the next four years, the Regal Raptors will involve an incremental investment of around 1,000 crore.
Actually, the plant is not ready yet, They have just acquired the land. Work on the manufacturing plant will begin in a couple of months. and in the Phase-I of the project, the plant will churn out 500 bikes per shift a month, and it is expected to commence in a year from now
Regal raptor alredy has a unit for its production in Shanghai, but now it has entered into a deal with the FAB motors so that it can manufacture and distribute the latter’s line-up in nine countries, including in India, Sri Lanka, Nepal, Pakistan, Bhutan, Saudi Arabia, UAE, Oman and Yemen.
Actually, the FAB motors is collaborating with the US based Regal Motors, and they are setting up this facility near Hyderabad to manufacture Regal Raptor motors. Last year, the FAB motors have actually entered into an agreement with the Regal Motors, which is as old as 25 years old, and that is why they are putting up this facility.
Helo Rajesh, this is very much true. Fabulous and Beyond Motors India (FAB Motors)is planning to invest over Rs 600-crore in the diversified business group Fabulous and Beyond Enterprises, is in the process of setting up a production facility on the outskirts of Hyderabad.