Classic Legends Plans Expansion Amid Growing Demand for Motorcycles
Classic Legends plans capacity expansion, weighs greenfield factory
The Economic TimesImage: The Economic Times
Classic Legends, a motorcycle manufacturer based in Mumbai, is considering a greenfield factory to expand its production capacity as its current plant in Pithampur, Madhya Pradesh, nears peak capacity. The company aims to boost production from 45,409 units in FY26 to over 100,000 units in FY27, driven by new model launches and reduced taxes.
- 01Classic Legends is exploring a new factory to enhance production capacity.
- 02The current plant in Pithampur, Madhya Pradesh, is nearing peak capacity.
- 03Sales increased significantly from 32,482 units in FY25 to 45,409 units in FY26.
- 04The company benefited from a reduction in GST on motorcycles, making them more affordable.
- 05Classic Legends aims to produce over 100,000 units in FY27.
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Classic Legends, headquartered in Mumbai, is considering establishing a greenfield factory as its existing plant in Pithampur, Madhya Pradesh approaches peak capacity by the end of the fiscal year. Co-founder Anupam Thareja indicated that the company is weighing whether to expand its current facility to produce 200,000 units or to build a new factory closer to its vendor bases. The motorcycle manufacturer has faced challenges since its inception in late 2018, particularly in competing with the dominant Royal Enfield brand. Sales dropped from 44,000 units in FY23 to 36,680 in FY24 and further to 32,430 in FY25 due to early quality issues and slow product cycles. However, a combination of new model launches, a reduction in the Goods and Services Tax (GST) on motorcycles up to 350cc from 28% to 18%, and a capital infusion of ₹1,000 crore (approximately $120 million USD) have helped the company recover. In FY26, Classic Legends sold 45,409 units, and production is projected to exceed 100,000 units in FY27, indicating a positive turnaround in demand.
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The expansion could lead to increased job opportunities in the manufacturing sector and enhance the availability of motorcycles in the market.
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