Eicher Goodearth
| Eicher Motors Limited | |
|---|---|
| legal form | Limited |
| ISIN | INE066A01013 |
| founding | 1948 |
| Seat | Gurgaon, India
|
| management | Siddhartha Lal (Managing Director & Chief Executive Officer) |
| Number of employees | 13,700 |
| sales | ₹ 89.6 billion |
| Branch | vehicle construction |
| Website | www.eicher.in |
| Status: 2018 | |
Eicher Motors Ltd. is an Indian industrial group with a focus on vehicle construction . Trucks and motorcycles are manufactured. The company is listed on the Indian stock exchange .
Group of companies
The company group includes Eicher Motors Ltd. with the divisions Eicher Motors , Royal Enfield and Eicher Demm as well as the subsidiaries Eicher Limited , Eicher Engineering Solutions , Good Earth Publications , Eicher International Ltd. and ECS Ltd . Over 13,000 people are employed in three plants, two development centers and numerous sales offices. Sales in the 2017/18 financial year amounted to INR 89.6 billion (approx. EUR 1.1 billion).
history
The origin was the establishment of the Goodearth Company in 1948 , which dealt with the import of tractors to India. Through the cooperation with the German company Gebr. Eicher , a joint venture was established in 1959 under the name Eicher Tractor Corporation of India Private Ltd. founded to be the first in the country to manufacture tractors locally. Success was inevitable and the company grew. In 1982 Mitsubishi started a technical collaboration to manufacture light trucks and buses in India. In 1990 the Indian company Enfield , a well-known manufacturer of motorized two-wheelers, was taken over. A year later, the local gear manufacturer Ramon and Demm was taken over. In 2005, the tractor and engine business was transferred to the Indian company TAFE Motors and Tractors Ltd. sold. In 2008, a commercial vehicle alliance was sealed with the Swedish manufacturer Volvo, which resulted in the establishment of the 50:50 joint venture VE Commercial Vehicles Limited . Volvo brought in its Indian business and an additional 200 million euros, Eicher brought in its entire truck and bus production.
Product range
The motorcycles are sold under the Royal Enfield brand. The company claims to have 91% market share in India in the 250 to 750 cc market segment. 820,000 motorcycles were sold in the 2017/18 financial year. Eicher produces a range of trucks from 4.9 to 49 tons. The focus is on the segment of light and medium-weight vehicles. Eicher estimates its market share in India in this area at 32%. Buses are also manufactured and there is a joint venture with Volvo . Volvo's share of the capital is now 45.6%.
Subsidiaries
Eicher Motors Limited has the following subsidiaries :
- Royal Enfield
- VE Commercial Vehicles Limited ( Joint Venture with the Volvo Group)
- Eicher Polaris Private Limited (50%) ( joint venture with Polaris Industries Incorporated )
Eicher Germany
The connection to the German company Gebr. Eicher only exists in the name. The German shares in the joint venture were already taken over by the Indian partner in the 1960s. In the 1980s, when the German company ran into increasing financial difficulties, Eicher India temporarily took over the majority of the German company. But even this step could not prevent the decline of the German company. The name “Eicher” lives on in India today as a respected brand and flourishing company.
Web links
Individual evidence
- ↑ a b Eicher Motors limited Annual Report 20177/18 ( en ) Retrieved on February 26, 2019.
- ^ VE Commercial Vehicles Limited - About Us ( Memento August 6, 2012 in the Internet Archive ). Retrieved June 4, 2011
- ↑ Volvo and Eicher seal commercial vehicle alliance in India . Retrieved June 4, 2011
- ↑ Volvo Group Annual and Sustainability Report 2016 ( en , PDF) Volvo. P. 74.