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| logo = Eicher Logo.svg | logo = Eicher Logo.svg
| logo_size = | logo_size =
| image = Eicher Motors HQ.png | image =
| image_caption = The headquarters of Eicher Motors in ], India | image_caption =
| type = ] | type = ]
| traded_as = {{Unbulleted list|{{BSE|505200}}|{{NSE|EICHERMOT}}|]}} | traded_as = {{Unbulleted list|{{BSE|505200}}|{{NSE|EICHERMOT}}|] constituent}}
| founder = ] | founder = ]
| key_people = {{ubl| S Sandilya (chairman)|{{nowrap|] (managing director)}}}} | key_people = {{ubl| S Sandilya (chairman)|{{nowrap|] (managing director)}}}}
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*]}} *]}}
| production = | production =
| revenue = {{increase}}{{INRConvert|10667|c}} (2020)<ref name="BalSheet">.</ref> | revenue = {{increase}} {{INRConvert|16536|c}} (FY24)<ref name="fy24"/>
| operating_income = {{decrease}}{{INRConvert|2373.77|c}} (2020)<ref name="BalSheet"/> | operating_income = {{Increase}} {{INRConvert|4327|c}} (FY24)<ref name="fy24"/>
| net_income = {{Increase}} {{INRConvert|4001|c}} (FY24)<ref name="fy24">{{cite news |last1=Kumar |first1=Shivendra |title=Eicher Motors Q4 results: PAT jumps 18% YoY at Rs 1,070.45 crore. Rs 51/share dividend announced |url=https://economictimes.indiatimes.com/markets/stocks/earnings/eicher-motors-q4-results-pat-jumps-18-yoy-at-rs-1070-45-crore-rs-51/share-dividend-announced/articleshow/110028994.cms |access-date=11 May 2024 |work=The Economic Times |date=11 May 2024}}</ref>
| net_income = {{decrease}}{{INRConvert|1827.44|c}} (2020)<ref name="BalSheet"/>
| assets = {{increase}} {{INRConvert|23128|c}} (2024)<ref name="BalSheet">. {{Webarchive|url=https://web.archive.org/web/20240512073154/https://www.bseindia.com/xml-data/corpfiling/AttachLive/5c85ee5a-5513-4277-ac90-aa9191649c34.pdf|date=2024-05-12}}</ref>
| assets = {{increase}}{{INRConvert|12449.72|c}} (2020)<ref name="BalSheet"/>
| equity = {{increase}}{{INRConvert|9980.93|c}} (2020)<ref name="BalSheet"/> | equity = {{increase}} {{INRConvert|18045|c}} (2024)<ref name="BalSheet"/>
| num_employees = 4,899 (March 2020) <ref name="BalSheet"/> | num_employees = 4,899 (March 2020)<ref name="BalSheet"/>
| owner = ] (49.28%) | owner = ] (49.28%)
| subsid = {{Unbulleted list|]|] (50%)|VE Commercial Vehicles Limited (50%)}} | subsid = {{Unbulleted list|]|VE Commercial Vehicles (54.4%)}}
| homepage = {{URL|https://www.eicher.in}} | homepage = {{URL|https://www.eicher.in}}
| foundation = {{Start date and age|df=yes|1948}} | founded = {{Start date and age|df=yes|1948}}
| location = ], India | location = ], India
| predecessor = Goodearth Company
}} }}


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==History== ==History==
{{Cleanup section|reason=We struggle to understand the relationship between all the various predecessors of Eicher Motors. The language used creates opacity and the timeline is not clear. It is even hard to work out whether Eicher Motors is the eventual corporation.|date=February 2023}}
]]]
]
⚫ India's Eicher Motors is a producer of commercial vehicles. The Goodearth Company was founded in 1948 with the purpose of distributing and maintaining imported tractors. In 1959 the Eicher Tractor Corporation of India Private Ltd was established, jointly with the ] company, a ] tractor manufacturer. Since 1965, Eicher in India has been completely owned by Indian shareholders. The German Eicher tractor was partly owned by ] from 1970, when they bought 30%. Massey Ferguson bought out the German company in 1973.


Eicher Motors is a commercial vehicle manufacturer in India. Eicher Motors (previously known as Goodearth
In 2005, Eicher Motors Ltd sold their tractors and engines business to ] (Tractors and Farm Equipment Ltd) of ], the Indian licensee of ] tractors.{{citation needed|date=April 2020}}
⚫ The company's origins date back to 1948, when it was known as Goodearth Company was established for the distribution and service of imported tractors. In the year 1959, the Eicher Tractor Corporation of India Private Ltd was established, jointly with the ] company, a ] tractor manufacturer. Since 1965, Eicher in India has been completely owned by Indian shareholders. The German ] was partly owned by ] from 1970, when they bought 30%. Massey Ferguson bought out the German company in 1973.<ref>{{Cite web |title=Eicher Motors Share Price Today Live Updates: Eicher Motors Sees Marginal Decline in Price, EMA5 Reflects Recent Trend |url=https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/eicher-motors-share-price-today-live-updates-07-may-2024/liveblog/109901370.cms |access-date= |website=The Economic Times |language=en}}</ref>

In 2005, Eicher Motors Ltd sold their tractors and engines business to ] (Tractors and Farm Equipment Ltd) of ], the Indian licensee of ] tractors.<ref>{{Cite news |date=2005-05-26 |title=Tafe buys Eicher's tractor, engine & gear businesses for Rs 310 crore |url=https://economictimes.indiatimes.com/tafe-buys-eichers-tractor-engine-gear-businesses-for-rs-310-crore/articleshow/1122079.cms |access-date=2024-09-21 |work=The Economic Times |issn=0013-0389}}</ref>


In October 1982, a collaboration agreement with ] 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 ] Ltd and by 1993 Eicher acquired a majority stake (60% equity shareholding) in Royal Enfield India. In October 1982, a collaboration agreement with ] 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 ] Ltd and by 1993 Eicher acquired a majority stake (60% equity shareholding) in Royal Enfield India.


In July 2008, Eicher Motors Limited (EML) and ]'s formed a 50:50 joint venture called VE Commercial Vehicles (VECV) which designs, manufactures and markets commercial vehicles, engineering components and provides engineering design. In July 2008, Eicher Motors Limited (EML) and ]'s formed a 50:50 joint venture called VE Commercial Vehicles (VECV) which designs, manufactures and markets commercial vehicles, engineering components and provides engineering design.<ref>{{Cite web |last=DHNS |title=Volvo set to trim Eicher Motors exposure again |url=https://www.deccanherald.com/business/volvo-set-trim-eicher-motors-2131980 |access-date=2024-09-21 |website=Deccan Herald |language=en}}</ref>
] ] transporting ]]]

⚫ 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 |access-date=12 August 2017 |archive-date=2 July 2017 |archive-url=https://web.archive.org/web/20170702031810/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 |url-status=dead }}</ref> while Eicher Motors holds the remaining 54.4%.<ref>{{cite news |title=Investor Presentation May 2022 |url=https://www.eicher.in/uploads/1652449394_eicher-motors-earnings-presentation-for-4Q-&-FY2021-22.pdf |access-date=16 February 2023 |work=Eicher Motors |page=47}}</ref> In 2020, VECV bought ] India operations for ]100 ].<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>


In 2012, Eicher Motors started a ] with American company ] called Eicher Polaris to make personal utility vehicles, starting with ] in 2015. This joint venture company ceased operations in 2018.<ref>{{cite news |title=Eicher Motors ends JV with US-based Polaris |url=https://timesofindia.indiatimes.com/business/india-business/eicher-motors-ends-jv-with-us-based-polaris/articleshow/63268139.cms |access-date=16 February 2023 |work=The Times of India |date=12 March 2018}}</ref>
⚫ 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 ] India operations for ] ].<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>


==Group structure== ==Group structure==
] being used by the ]]]
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. 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.


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* VE Powertrain * VE Powertrain


], the motorcycle manufacturing subsidiary, is a part of Eicher Motors.<ref>{{Cite web |date=2024-09-04 |title=Royal Enfield Motorcycles - Data & Facts 2024 {{!}} MotorCyclesData |url=https://www.motorcyclesdata.com/2024/09/04/royal-enfield/ |access-date=2024-09-21 |website=Motorcycles Data |language=en-US}}</ref><ref>{{Cite web |last= |title=Eicher Motors incorporates 100% subsidiary 'Royal Enfield Europe' in Netherlands - ET Auto |url=https://auto.economictimes.indiatimes.com/news/two-wheelers/eicher-motors-incorporates-100-subsidiary-royal-enfield-europe-in-netherlands/108713432 |access-date= |website=ETAuto.com |language=en}}</ref>
], the motorcycle manufacturing subsidiary, is a part of Eicher Motors.


==Vehicles== ==Vehicles==
* ] *Eicher DragonHook
* Eicher DragonHook *Eicher multix polaris
*Eicher Sleek *Eicher Trucks
*Eicher Buses
*]
*]


==References== ==References==
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] ]
] ]
]

Latest revision as of 15:55, 1 January 2025

Indian multinational automobile manufacturing company For the German Eicher company, see Eicher tractor.

Eicher Motors Limited
Company typePublic
Traded as
ISININE066A01013
IndustryAutomotive
PredecessorGoodearth Company
Founded1948; 77 years ago (1948)
FounderVikram Lal
HeadquartersNew Delhi, India
Area servedWorldwide
Key people
Products
RevenueIncrease ₹16,536 crore (US$1.9 billion) (FY24)
Operating incomeIncrease ₹4,327 crore (US$510 million) (FY24)
Net incomeIncrease ₹4,001 crore (US$470 million) (FY24)
Total assetsIncrease ₹23,128 crore (US$2.7 billion) (2024)
Total equityIncrease ₹18,045 crore (US$2.1 billion) (2024)
OwnerSiddhartha Lal (49.28%)
Number of employees4,899 (March 2020)
Subsidiaries
Websitewww.eicher.in

Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles.

History

This section may require cleanup to meet Misplaced Pages's quality standards. The specific problem is: We struggle to understand the relationship between all the various predecessors of Eicher Motors. The language used creates opacity and the timeline is not clear. It is even hard to work out whether Eicher Motors is the eventual corporation. Please help improve this section if you can. (February 2023) (Learn how and when to remove this message)
An Eicher multi-axle lorry

Eicher Motors is a commercial vehicle manufacturer in India. Eicher Motors (previously known as Goodearth The company's origins date back to 1948, when it was known as Goodearth Company was established for the distribution and service of imported tractors. In the year 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, Eicher Motors Limited (EML) and Volvo Group's formed a 50:50 joint venture called VE Commercial Vehicles (VECV) which designs, manufactures and markets commercial vehicles, engineering components and provides engineering design.

An Eicher garbage truck transporting municipal solid waste

At present, Volvo Group owns 45.6% of VECV, while Eicher Motors holds the remaining 54.4%. In 2020, VECV bought Volvo Buses India operations for ₹100 crore.

In 2012, Eicher Motors started a joint venture with American company Polaris Industries called Eicher Polaris to make personal utility vehicles, starting with Eicher Polaris Multix in 2015. This joint venture company ceased operations in 2018.

Group structure

Eicher tow truck being used by the Bangladesh Police

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. VECV is divided into five business units:

  • 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

References

  1. ^ Kumar, Shivendra (11 May 2024). "Eicher Motors Q4 results: PAT jumps 18% YoY at Rs 1,070.45 crore. Rs 51/share dividend announced". The Economic Times. Retrieved 11 May 2024.
  2. ^ "BalSheet 31.03.2024". Archived 2024-05-12 at the Wayback Machine
  3. "Eicher Motors Share Price Today Live Updates: Eicher Motors Sees Marginal Decline in Price, EMA5 Reflects Recent Trend". The Economic Times.
  4. "Tafe buys Eicher's tractor, engine & gear businesses for Rs 310 crore". The Economic Times. 26 May 2005. ISSN 0013-0389. Retrieved 21 September 2024.
  5. DHNS. "Volvo set to trim Eicher Motors exposure again". Deccan Herald. Retrieved 21 September 2024.
  6. "Annual and Sustainability Report 2016" (PDF). Volvo. p. 74. Archived from the original (PDF) on 2 July 2017. Retrieved 12 August 2017.
  7. "Investor Presentation May 2022" (PDF). Eicher Motors. p. 47. Retrieved 16 February 2023.
  8. Mishra, Lalatendu (13 August 2020). "Eicher Motor subsidiary to buy Volvo India's bus business for ₹100 crore". The Hindu. ISSN 0971-751X. Retrieved 9 January 2021.
  9. "Eicher Motors ends JV with US-based Polaris". The Times of India. 12 March 2018. Retrieved 16 February 2023.
  10. "VE Commercial Vehicles Ltd". www.vecv.in.
  11. "Royal Enfield Motorcycles - Data & Facts 2024 | MotorCyclesData". Motorcycles Data. 4 September 2024. Retrieved 21 September 2024.
  12. "Eicher Motors incorporates 100% subsidiary 'Royal Enfield Europe' in Netherlands - ET Auto". ETAuto.com.

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