Eicher Motors Limited Company Profile, Wiki, Networth, Establishment, History and More

Eicher Motors Limited Company Profile, Wiki, Networth, Owner, CEO, Founder Name, Parent Company and more

Eicher Motors Limited is an Indian multinational vehicle manufacturing company. The company headquarter is in New Delhi, India. It is the parent company of Royal Enfield, the global leader in middleweight motorcycles.

The company manufactures motorcycles and commercial vehicles. The company operates in India and over 60 countries around the world with modern development facilities in Leicestershire, UK and China. It has a joint venture with Sweden’s AB Volvo-Volvo Eicher Commercial vehicles in India and other developing countries. The company is also listed on BSE and NSE and has been part of the NSE’s benchmark Nifty 50 Index since 2016.

PointsInformation
Company NameEicher Motors Limited
Previous NameGoodearth Company
Founder NameVikram Lal
OwnerSiddhartha Lal (with 49.28% of stack)
Date of Establishment1948
HeadquarterNew Delhi, India
RevenueINR 9,696.83 crores
CEO/Managing DirectorSiddhartha Lal
Registered Address3rd floor, Select citywalk, A-3, District Centre,
Saket New Delhi-110017, India
Telephone No.91-124-4445070
Email[email protected]
Company StatusActive
Websitewww.eicher.in

History

Eicher Motors Limited established in 1948 as Goodearth company.

  • 1948, Goodearth company set up to sell and service imported tractors.
  • 1952, the company imported and sold about 1500 tractors in India.
  • 1958, Goodearth company renamed to Eicher Tractor Corporation of India Ltd.
  • 1965, 100% indigenization achieved in Eicher tractors.
  • 1982, Eicher Motors Limited is incorporated.
  • 2005, the company has disinvested the business of tractors and engines to TAFE Motors & Tractors Ltd.
  • 2010, the company launched the VE-series of Heavy-Duty Trucks.
  • 2014, Royal Enfield opens its first concept store in Saket, New Delhi and launches its first exclusive store in London, UK.
  • 2019, the company transitions to BS VI emission norms for its current motorcycle portfolio and grew its retail network by opening studio stores- a unique, compact format that will house the entire range of Royal Enfield motorcycles.

Founder

Eicher Motors Limited founded by Vikram Lal. He is an Indian industrialist and born on 1942. He did Mechanical Engineering from Technical University of Darmstadt. Lal has been member of the board of directors of The Doon School. He joined Eicher company in 1966 established by his father. The company started manufacture of first tractor in 1960 and then manufacture light commercial vehicles in 1989 and then heavy vehicles. The journey of Eicher is incredible. He is married and blessed with three children a daughter and two sons.  His son Siddhartha Lal is current CEO of the company.

Networth

Eicher Motors Limited is an Indian automobile industry. In 2020, the company revenue is Rs.9,696.83crore (US$1.4billion). The company is one of the leading companies in India. Eicher Motors also providing job opportunities in India and helped in growth of the economy.

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