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| '''Eicher Motors Limited''' ('''EML''') ({{BSE|505200}}, {{NSE|EICHERMOT}}) incorporated in 1982, is an Indian ] company based in ]. Eicher Motors Limited (EML) owns ]. | |||
| '''Eicher Motors Limited''' ('''EML''') ({{BSE|505200}}, {{NSE|EICHERMOT}}) incorporated in 1982, is an Indian ] company based in ]. Eicher Motors Limited (EML) is the flagship company of the Eicher Group, which was a catalyst in the green revolution in India{{Quotation needed|date=January 2016}} with the production of India’s first agricultural tractor in 1959. EML is now a leading player in the Indian automotive space{{Quotation needed|date=January 2016}}. Its 50:50 joint venture with the Volvo group, VE Commercial Vehicles Limited, designs, manufactures and markets reliable{{Quotation needed|date=January 2016}}, fuel-efficient{{Quotation needed|date=January 2016}} trucks and buses{{Quotation needed|date=January 2016}}; and is leading the path in driving modernisation in commercial transportation{{Quotation needed|date=January 2016}} in India and other developing markets{{Quotation needed|date=January 2016}}. Eicher Motors also owns the iconic ] motorcycle business, which leads the premium motorcycle segment in India{{Quotation needed|Quotation needed = |date=January 2016}}. The oldest motorcycle company in continuous production worldwide{{Quotation needed|date=January 2016}}, Royal Enfield has witnessed a huge surge in demand in the recent past{{Quotation needed|date=January 2016}}, and is charting its course to be the leading player in the mid-size motorcycle segment globally{{Quotation needed|date=January 2016}}. EML’s 50:50 strategic joint venture with US based Polaris Industries Inc, Eicher Polaris Private Ltd is in start-up phase, and is currently designing and developing, and will soon manufacture and sell a full new range of personal vehicles{{Quotation needed|date=January 2016}}. In 2013, Eicher Motors recorded its highest ever total income of {{Indian Rupee}} 7,400 crore (USD 1.2 billion) and is listed on the Bombay and National Stock Exchanges.{{Quotation needed|date=January 2016}} | |||
| ==History== | ==History== | ||
| 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 ] company, a ] tractor manufacturer |
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 ] 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. | ||
| In 2005 Eicher Motors Ltd sold their tractors and engines business to ] (Tractors And Farm Equipment Ltd) of ], the Indian licensee of Massey Ferguson tractors. | In 2005 Eicher Motors Ltd sold their tractors and engines business to ] (Tractors And Farm Equipment Ltd) of ], the Indian licensee of Massey Ferguson tractors. | ||
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| In July 2008, EML and ]'s 50:50 joint venture VE Commercial Vehicles (VECV) designs, manufactures and markets commercial vehicles, engineering components and provides engineering design. | In July 2008, EML and ]'s 50:50 joint venture VE Commercial Vehicles (VECV) designs, manufactures and markets commercial vehicles, engineering components and provides engineering design. | ||
| In July 2012, EML and ] Inc, USA announced a 50:50 joint to design, develop, manufacture and sell a full new range of personal vehicles.{{citation needed|date=December 2013}} | |||
| ==Group structure== | ==Group structure== | ||
Revision as of 10:16, 30 March 2016
For the German Eicher company, see Eicher tractor. | A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Misplaced Pages's content policies, particularly neutral point of view. Please discuss further on the talk page. (June 2013) (Learn how and when to remove this message) |
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| Company type | Public |
|---|---|
| Traded as | BSE: 505200, NSE: EICHERMOT |
| Industry | Automotive |
| Founded | 1948 |
| Headquarters | Gurgaon, India |
| Key people | Siddhartha Lal (CEO & MD) |
| Products | Commercial vehicles, engines |
| Revenue | ₹8,598 crore (US$1.0 billion) (2014) |
| Net income | ₹3,080 crore (US$360 million) (2012) |
| Owner | Siddhartha Lal |
| Number of employees | 2,500 (2012) |
| Subsidiaries | Eicher Polaris (50%) VE Commercial Vehicles (50%) |
| Website | www |
Eicher Motors Limited (EML) (BSE: 505200, NSE: EICHERMOT) incorporated in 1982, is an Indian automaker company based in Gurgaon, India. Eicher Motors Limited (EML) owns Royal Enfield (India).
History
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 was signed in Tokyo and in the same period the incorporation of Eicher Motors Limited also took place. 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.
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 50:50 joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML).VECV is divided into five business units:
- Eicher Trucks and Buses - The E Series
- Volvo Trucks India - The VE Series
- Eicher Engineering Components
- Eicher Engineering Solutions
- VE Powertrain
- Eicher Goodearth
- Eicher Publications
Royal Enfield Motors, the motorcycle manufacturing subsidiary, is a part of the Eicher Motors.
Vehicles
- Eicher Trucks
- Eicher Polaris Multix
References
- "Addresses". Eicherworld.com. Retrieved 2010-07-16.
- Eicher Motors Limited
- New Eicher Trucks in India
External links
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