Eicher Motors Limited is an Indian multinational automotive company that manufactures

motorcycle A motorcycle (motorbike, bike, or trike (if three-wheeled)) is a two or three-wheeled motor vehicle steered by a handlebar. Motorcycle design varies greatly to suit a range of different purposes: long-distance travel, commuting, cruising ...

s and

commercial vehicle A commercial vehicle is any type of motor vehicle used for transporting goods or paying passengers. The United States defines a "commercial motor vehicle" as any self-propelled or towed vehicle used on a public highway in interstate commerce to ...

s, headquartered in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

. Eicher is the

parent company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

Royal Enfield Royal Enfield was a brand name under which The Enfield Cycle Company Limited of Redditch, Worcestershire sold motorcycles, bicycles, lawnmowers and stationary engines which they had manufactured. Enfield Cycle Company also used the brand name "E ...

, a manufacturer of middleweight motorcycles.

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 Eicher tractor was a manufacturer of tractors, agricultural machinery and engines. The company was founded in 1936 by the brothers Josef and Albert Eicher in the Upper Bavaria town of Forstern. The brand name "Eicher" was last used in Europe in ...

company, a

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

tractor manufacturer. Since 1965, Eicher in India has been completely owned by Indian shareholders. The German Eicher tractor was partly owned by

Massey Ferguson Massey Ferguson Limited is an American agricultural machinery manufacturer. The company was established in 1953 through the merger of farm equipment makers Massey-Harris of Canada and the Ferguson Company of the United Kingdom. It was based in T ...

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 Limited (TAFE) is an Indian agricultural machinery manufacturer based in Chennai, India. TAFE is the third-largest tractor manufacturer in the world and the second largest in India by volume. Description TAFE – ...

(Tractors and Farm Equipment Ltd) of

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

, the Indian licensee of

tractors. In October 1982, a collaboration agreement with

Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...

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 Royal Enfield is an Indian multinational motorcycle manufacturing company headquartered in Chennai, Tamil Nadu, India. The Royal Enfield brand, including its original English heritage, is the oldest global motorcycle brand in continuous product ...

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 The Volvo Group ( sv, Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distributio ...

'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. Eicher Multi-Axle 2015 Tamil Nadu

At present, Volvo Group owns 45.6% of VECV, although there are 122 other institutional investors on record. In 2020 VECV bought

Volvo Buses Volvo Buses (Volvo Bus Corporation / formal name: ''Volvo Bussar AB'') (stylized as VOLVO) is a subsidiary and a business area of the Swedish vehicle maker Volvo, which became an independent division in 1968. It is based in Gothenburg. It is on ...

India operations for ₹100

crores A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...

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 joint venture between

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 Royal Enfield is an Indian multinational motorcycle manufacturing company headquartered in Chennai, Tamil Nadu, India. The Royal Enfield brand, including its original English heritage, is the oldest global motorcycle brand in continuous product ...

, the motorcycle manufacturing subsidiary, is a part of Eicher Motors.

Vehicles

Eicher Polaris Multix The Eicher Polaris Multix (or Multix) was a personal utility vehicle manufactured by Eicher Motors and Polaris India (the Indian arm of Polaris Inc.). The vehicle was announced in June 2015, and the first vehicle was delivered on 26 August 2015 ...

* Eicher DragonHook *Eicher Sleek

References

External links

* {{S&P CNX Nifty companies Companies based in New Delhi Motor vehicle engine manufacturers Truck manufacturers of India Vehicle manufacturing companies established in 1948 Indian companies established in 1948 Indian brands Engine manufacturers of India Motorcycle manufacturers of India NIFTY 50 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange