Incorporated in 1982, Eicher Motors Limited (EML) is the flagship Company of Eicher Group. The Company operate in two distinct business verticals –
- Motorcycles and
- Commercial Vehicles.
The Company produce the iconic Royal Enfield motorcycles and are global leaders in the
mid-size (250cc-750cc) motorcycle segment.
The motorcycles are manufactured in state-of-the-art facilities in Tamil Nadu and marketed with the support of an extensive network of dealers across India and across the world. Globally, EML has a presence in over 50 countries.
Eicher Motors Limited
Eicher Motors Limited (EML), listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), is the owner of the iconic Royal Enfield brand. A global leader in the mid-sized motorcycle segment, Royal Enfield is the oldest motorcycle brand in continuous production since 1901.
- Revenue: Rs 9,154 Cr
- Market Cap: 51,364 Cr.
- Dividend Yield: 0.66 %
- ROE: 27.63 %
- Sales Growth (3Yrs): 16.64 %
The Company is engaged in the manufacturing and selling of motorcycles, spare parts and related services. The Company has its registered office at New Delhi, India and its corporate office at Gurugram, Haryana, India.
EML has subsidiaries in North America, Brazil, Thailand, United Kingdom and Canada and also a technology centre in Bruntingthorpe, United Kingdom.
The Company has 42 exclusive stores across the UK, USA, Mexico, Colombia,
Brazil, Argentina, France, Spain, Indonesia, Thailand, Philippines, Vietnam, Austria, Portugal, Australia, New Zealand and UAE.
Royal Enfield Brand Motorcycle
Royal Enfield with its motorcycle that combines modern-day elements with the brand’s heritage, garners immense enthusiasm amongst global motorcyclists. It has modern product development centres at
- UK and
- Chennai, India.
This is supported by its three state-of-the-art manufacturing facilities around Chennai where these machines are handcrafted to perfection. Manufacturing facilities at Thiruvottiyur, Oragadam and Vallam Vadagal near Chennai, India
With its distinctive range of simple yet engaging and accessible motorcycles, exhilarating community riding events and an ecosystem that introduces customers to the world of pure motorcycling, Royal Enfield has evolved into an experiential brand.
- 96% Market share in India’s mid-size (250 cc-750 cc) motorcycles segment
- 25% Market share in 125cc+ motorcycle segment in India
- World’s oldest motorcycle brand in continuous production.
- Focussed on mid-sized motorcycles (250 cc – 750 cc)
Royal Enfield Products sold in India and 60+ countries globally through exclusive stores and dealers.
Product Portfolio of Royal Enfield
Royal Enfield serve their Products in three broad catogory
- Motorcycles – Classic, Bullet, Himalayan, Interceptor INT 650 and Continental GT 650
- Apparel – Protective riding apparel, urban casual wear and riding accessories
- Motorcycle accessories Protective seats, bodywork, controls, wheels, luggage and engine
Joint venture VE Commercial Vehicles (VECV)
EML’s joint venture VE Commercial Vehicles (VECV) with Sweden’s AB Volvo, is one of India’s leading manufacturer of
- Engines and
- Engineering components.
With a wide range of new-generation trucks and buses, VECV is driving modernization
in commercial transportation in India and the developing world. The Eicher Trucks and Buses range includes
- 4.9 to 55 tonne trucks Light & Medium and
- Heavy duty trucks (16-55 tonnes)
- 12 to 62 seater buses.
VE Power Train (VEPT) is a global hub for medium duty engines for the Volvo Group and has been engaged in supply of base engines for Euro VI requirements of the Volvo Group since 2013.
- 29.5% Market share in India’s light & medium duty (3.5 to 15 tonnes) CV segment
Siddhartha Lal Managing Director
Mr. Siddhartha Lal is the Managing Director and Chief Executive Officer of the Company.Siddhartha has also been the Chief Executive Officer of Royal Enfield and the Chairman of VE Commercial Vehicles (VECV); a joint venture between Volvo group and Eicher Motors Ltd. (EML).
From July 2008 to July 2010, Siddhartha was the CEO of VE Commercial Vehicles (VECV). VECV is the third largest Commercial Vehicles’ (CV) player in India and has ambitions to drive Modernization in commercial transportation and become a leading trucks and buses company in India and emerging world markets.
During 2000-2004, in his tenure as CEO of motorcycle Manufacturer Royal Enfield (a division of EML), Siddhartha helped revive the company’s Fortunes and also strengthened stakeholders’ involvement with the brand.
He holds a Master’s degree in Automotive Engineering from University of Leeds and is a Cranfield University qualified mechanical engineer. Siddhartha is also an Economics graduate from St. Stephens College in Delhi and an alumnus of The Doon School.
Siddhartha is also passionately involved in the subject of transportation and the role it has to play in sustainability, especially in urban settings; and its role on our health, safety and quality of life.
Due to his efforts in this area, he has also been nominated as a part of the World Economic Forum’s (WEF) Global Agenda Council on Personal Transportation Systems. As a young global leader at WEF, Siddhartha is co-championing the initiative – ‘Transforming Urban Mobility’. He is also a part of the newly formed Next Generation Leaders Board at Indian School of Business.
Mr. S. Sandilya Chairman
Mr S. Sandilya is presently Chairman, Eicher Group. His working career spans over 44 years. He started his career in 1969 with DCM group of companies at their Group Headquarters in the Finance function.
After a year’s stint with DCM he joined Union Carbide where he worked for five years in three locations namely Delhi, Kolkata and Chennai in Systems as well as Finance and Accounts.
Mr. Sandilya joined Eicher in 1975. He has been a part of the growth journey of the Group and held various positions in different business units.
He was the Managing Director of Eicher Motors Limited, the Commercial Vehicles Manufacturing business unit of the Group till 1998 before moving to the Group Office to take responsibility for Group Finance and Strategic Planning in addition to being the MD of Eicher Motors.
He was appointed Group Chairman and CEO in April 2000. The group’s portfolio at that time included Agricultural tractors, Commercial vehicles, Motorcycles, Engineering Components, Engineering Solutions and Business Consulting Services. He is the Non-Executive Chairman from 2006 after superannuation.
subsidiaries of Eicher Motors Limited (EML)
The following are subsidiaries of the Company :
- Royal Enfield North America Ltd.
- Royal Enfield (Thailand)Ltd.
- Royal Enfield Brasil Comercio de Motorcicletas Ltda
- Royal Enfield UK Ltd.
- VE Commercial Vehicles Ltd.
- Eicher Group Foundation
The following are the Step Down Subsidiaries of the company
- Royal Enfield Canada Ltd.
- VECV Lanka (Private) Ltd.
- VECV South Africa (PTY) Ltd.