Eicher Motors

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Eicher Motors Limited (EML)

(BSE: 505200 , NSE: EICHERMOT
Bloomberg: EIM IN Reuters: EICH.NS
EICH.NS) is an
Indian manufacturer of motorcycles and
commercial vehicles. Eicher is the parent
company of Royal Enfield, a manufacturer
of middleweight motorcycles.
Eicher Motors Limited

Type Public

Traded as BSE: 505200
NSE: EICHERMOT

Industry Automotive

Founded 1948

Founder Vikram Lal

Headquarters New Delhi

Key people Siddhartha Lal (CEO &

MD)

Products Commercial vehicles,

engines
Production output VECV Ltd :: 58,604 units
(2016)

Revenue VECV Ltd :: ₹9,315.85

 crore (US$1.3 billion)
(2016)
Operating income VECV Ltd :: ₹443.91
crore (US$62 million)
(2016)
Net income VECV Ltd :: ₹348.29
crore (US$48 million)
(2016)
Owner Siddhartha Lal, Alex S
Nedumpathalil

Subsidiaries Eicher Polaris (50%)

VE Commercial
Vehicles (54.4%)
Royal Enfield (India)

Website www.eicher.in

In addition to motorcycles, Eicher has a

joint venture with Sweden’s AB Volvo -
Volvo Eicher Commercial Vehicles Limited
(VECV) - which is driving modernization in
India's commercial vehicle space, and in
other developing countries. VECV has a
range of trucks and buses from 5-49
tonnes, and its integrated manufacturing
plant in Pithampur, Madhya Pradesh is the
global hub for medium duty five- and eight-
litre engines for Volvo Group. Since 2012,
Eicher has an equal joint venture with US-
based Polaris Industries Inc - Eicher
Polaris Private Limited - and introduced
the Multix 3-in-1 vehicle.

History
Eicher Truck in Mysore

Eicher Motors is a commercial vehicle

manufacturer in India. The company's
origins date back to 1948, when Goodearth
Company was established for the
distribution and service of imported
tractors. In 1959 the Eicher Tractor
Corporation of India Private Ltd was
established, jointly with the Eicher tractor
company, a German tractor manufacturer.
Since 1965, Eicher in India has been
completely owned by Indian shareholders.
The German Eicher tractor was partly
owned by Massey-Ferguson from 1970,
when they bought 30%. Massey-Ferguson
bought out the German company in 1973.

In 2005, Eicher Motors Ltd sold their

tractors and engines business to TAFE
Tractors (Tractors and Farm Equipment
Ltd) of [Chennai] , the Indian licensee of
Massey Ferguson tractors.

In October 1982, a collaboration

agreement with Mitsubishi for the
manufacture of light commercial vehicles
(LCVs) was signed in Tokyo and in the
same period the incorporation of Eicher
Motors Limited also took place. LCVs were
sold under the "Eicher Mitsubishi" brand. In
February 1990, Eicher Goodearth bought
26% stake in Enfield India Ltd and by 1993
Eicher acquired a majority stake (60%
equity shareholding) in Royal Enfield India.

In July 2008, EML and Volvo Group's 50:50

joint venture VE Commercial Vehicles
(VECV) designs, manufactures and
markets commercial vehicles, engineering
components and provides engineering
design.
An Eicher Multi-Axle lorry

At present, Volvo Group owns 45.6% of

VECV.[1]

Group structure
The Eicher Group has diversified business
interests in design and development,
manufacturing, and local and international
marketing of trucks, buses, motorcycles,
automotive gears, and components. Eicher
has invested in the potential growth areas
of management consultancy services,
customised engineering, and maps and
travel guides.

VE Commercial Vehicles (VECV) Limited is

a joint venture between Volvo Group and
Eicher Motors Limited (EML). VECV is
divided into five business units:[2]

Eicher Trucks and Buses

Volvo Trucks India
Eicher Engineering Components
VE Powertrain

Royal Enfield Motors, the motorcycle

manufacturing subsidiary, is a part of
Eicher Motors.
Vehicles
Eicher Polaris Multix22
Royal Enfield

References
1. "Annual and Sustainability Report 2016"
(PDF). Volvo. p. 74.
2. "VE Commercial Vehicles Ltd" .
www.vecv.in.

External links
Wikimedia Commons has media related to
Eicher vehicles.

Official website
Retrieved from
"https://en.wikipedia.org/w/index.php?
title=Eicher_Motors&oldid=881566086"

Last edited 30 days ago by Ben Ben

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