https://indianpedia.org/index.php?action=history&feed=atom&title=Eicher_MotorsEicher Motors - Revision history2026-07-31T10:49:52ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Eicher_Motors&diff=301741&oldid=prevCleanupBot at 10:44, 29 January 20222022-01-29T10:44:22Z<p></p>
<p><b>New page</b></p><div>{{About||the German Eicher company|Eicher tractor}}<br />
{{short description|Indian multinational automobile manufacturing company}}<br />
{{Use dmy dates|date=September 2017}}<br />
{{Infobox company<br />
| name = Eicher Motors Limited<br />
| logo = Eicher Logo.svg<br />
| logo_size = 250px<br />
| type = [[Public company|Public]]<br />
| traded_as = {{Unbulleted list|{{BSE|505200}}|{{NSE|EICHERMOT}}|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}<br />
| founder = [[Vikram Lal]]<br />
| key_people = S Sandilya <br> {{small|([[Chairman]])}} <br> [[Siddhartha Lal]]<br>{{small|([[Managing Director|MD]])}}<br />
| ISIN = INE066A01013<br />
| industry = [[Automotive industry|Automotive]]<br />
| area_served = Worldwide<br />
| products = {{plainlist|<br />
*[[Commercial vehicles]]<br />
*[[Motorcycle]]}}<br />
| production = <br />
| revenue = {{decrease}}{{INRConvert|9696.83|c}} (2020)<ref name="BalSheet">[https://www.eicher.in/uploads/1594976193_EML%20AR%202019-20.pdf "BalSheet 31.03.2020"].</ref><br />
| operating_income = {{decrease}}{{INRConvert|2373.77|c}} (2020)<ref name="BalSheet"/><br />
| net_income = {{decrease}}{{INRConvert|1827.44|c}} (2020)<ref name="BalSheet"/><br />
| assets = {{increase}}{{INRConvert|12449.72|c}} (2020)<ref name="BalSheet"/><br />
| equity = {{increase}}{{INRConvert|9980.93|c}} (2020)<ref name="BalSheet"/><br />
| num_employees = 4,899 (March 2020) <ref name="BalSheet"/><br />
| owner = [[Siddhartha Lal]] (49.28%)<br />
| subsid = {{Unbulleted list|[[Royal Enfield (India)]]|Eicher Polaris {{Small|(50%)}}|[[VE Commercial Vehicles]] {{Small|(54.4%)}}}}<br />
| homepage = {{URL|https://www.eicher.in}}<br />
| foundation = {{Start date and age|df=yes|1948}}<br />
| location = [[New Delhi]], [[India]]<br />
}}<br />
<br />
'''Eicher Motors''' '''Limited (EML)''' is an Indian [[multinational corporation|multinational]] [[automotive industry|automotive company]] that manufacturer [[motorcycle]]s and [[commercial vehicle]]s, headquartered in [[New delhi]], [[India]]. Eicher is the [[parent company]] of [[Royal Enfield (India)|Royal Enfield]], a manufacturer of middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's [[Volvo Trucks]] - VE Commercial Vehicles Limited (VECV).<br />
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==History==<br />
[[File:Eicher 1095 truck near Pedavegi, Eluru.jpg|thumb|Eicher Truck in [[Eluru]]]]<br />
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 [[Germany|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.<br />
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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.{{citation needed|date=April 2020}}<br />
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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.<br />
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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.<br />
[[File:Eicher Multi-Axle 2015 Tamil Nadu.JPG|thumb|An Eicher Multi-Axle lorry]]<br />
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At present, [[Volvo Group]] owns 45.6% of VECV,<ref>{{cite web |url=http://www.volvogroup.com/content/dam/volvo/volvo-group/markets/global/en-en/investors/reports-and-presentations/annual-reports/annual-and-sustainability-report-2016.pdf |pages=74 |title=Annual and Sustainability Report 2016 |publisher=Volvo}}</ref> although there are 122 other institutional investors on record.<ref>{{cite web |url=https://fintel.io/so/in/eichermot |title=Eicher Motors Ltd - Institutional Ownership and Shareholders |publisher=Fintel}}</ref> In 2020 VECV bought [[Volvo Buses]] India operations for [[Indian Rupees|₹100]] [[crores]].<ref>{{Cite news|last=Mishra|first=Lalatendu|date=2020-08-13|title=Eicher Motor subsidiary to buy Volvo India’s bus business for ₹100 crore|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/eicher-motors-buys-volvo-indias-bus-business/article32343637.ece|access-date=2021-01-09|issn=0971-751X}}</ref><br />
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==Group structure==<br />
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.<br />
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VE Commercial Vehicles (VECV) Limited is a joint venture between [[Volvo Group]] and Eicher Motors Limited (EML). VECV is divided into five business units:<ref>{{cite web|url=http://www.vecv.in|title=VE Commercial Vehicles Ltd.|website=www.vecv.in}}</ref><br />
<br />
* Eicher Trucks and Buses<br />
* Volvo Trucks India<br />
* Eicher Engineering Components<br />
* VE Powertrain<br />
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[[Royal Enfield Motors]], the motorcycle manufacturing subsidiary, is a part of Eicher Motors.<br />
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==Vehicles==<br />
* [[Eicher Polaris Multix]]22<br />
* [[Royal Enfield]]<br />
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==References==<br />
{{reflist}}<br />
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==External links==<br />
{{commons category|Eicher Motors vehicles}}<br />
* {{Official website|http://www.eicher.in/}}<br />
<br />
{{Automotive industry in India}}<br />
{{Nifty 200 companies}}<br />
{{S&P CNX Nifty companies}}<br />
<br />
[[Category:Companies based in New Delhi]]<br />
[[Category:Tractor manufacturers of India]]<br />
[[Category:Motor vehicle engine manufacturers]]<br />
[[Category:Truck manufacturers of India]]<br />
[[Category:Vehicle manufacturing companies established in 1948]]<br />
[[Category:Indian companies established in 1948]]<br />
[[Category:Indian brands]]<br />
[[Category:Engine manufacturers of India]]<br />
[[Category:Motorcycle manufacturers of India]]<br />
[[Category:Manufacturing companies based in Delhi]]<br />
[[Category:NIFTY 50]]<br />
[[Category:Eicher Motors]]</div>CleanupBot