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Company Profile  
Eicher Motors Ltd.
 
BSE Code 505200
ISIN Demat INE066A01013
Book Value(Rs.) 2246.63
NSE Code EICHERMOT
Dividend Yield % 0.49
Market Cap(Rs. in millions) 611817.65
P/E 33.90
EPS 661.69
Face Value(Rs.) 10  

Eicher Motors was incorporated in 1982, is engaged in manufacturing of commercial vehicles, motorcycles and engineering components. In 1986, the company introduced its first product ‘Canter’. It is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.Eicher Motors Limited (EML) is the flagship company of the Eicher Group, which was a catalyst in the green revolution in India with the production of India’s first agricultural tractor in 1959. EML is now a leading player in the Indian automotive space. Eicher Motors owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India. The oldest motorcycle brand in continuous production world-wide, Royal Enfield has witnessed a huge surge in demand in the recent past, and is charting its course to be the leading player in the mid-sized motorcycle segment globally. EML’s joint venture with the Volvo group, VE Commercial Vehicles Limited, designs, manufactures and markets reliable, fuel-efficient trucks and buses; and is leading the path in driving modernization in commercial transportation in India and other developing markets.

Products

Motors - It manufactures several kinds of commercial vehicles.Its 50-50 joint venture with the Volvo group, VE Commercial Vehicles Limited, designs, manufactures and markets reliable, fuel-efficient commercial vehicles of high quality and modern technology, engineering components and provides engineering design solutions. It has technical and financial collaboration with Mitsubishi Motors Corporation of Japan which led to manufacturing of CANTER range of vehicles. It manufactures around 20000 vehicles per annum.

Motorcycles- It manufactures bullet motorcycles Royal Enfield. It manufactures six different models ranging from 300cc to 600cc. The manufacturing plant has installed capacity of 39,000 motorcycles per annum.

Engineering Components- The company manufactures complete range of automotive gears. The range of gears includes Spiral bevels (Crown wheel and pinions), Straight bevels and Transmission gears.

Milestones:

  • 1948: Goodearth Company set up to sell and service imported tractors
  • 1952-57: Goodearth Company imported and sold about 1500 tractors in India
  • 1958: Eicher Tractor Corporation of India Ltd. incorporated
  • 1959:First indigenous Eicher tractor built. Eicher came out with India’s first indigenously built tractor from its Faridabad factory.
  • 1980: Eicher Goodearth Ltd. name given to Eicher.
  • 1982: Collaboration agreement with Mitsubishi for the manufacture of Light Commercial Vehicles signed in Tokyo. Incorporation of Eicher Motors Ltd.
  • 1985: Silver Jubilee Year for Eicher
  • 1986: Eicher Motors Ltd. springs into operation
  • 1987: Eicher Tractors went public
  • 1990: Eicher Goodearth buys 26% equity stake in Enfield India Ltd.
  • 1991: ECS launched; Eicher takes over Ramon & Demm.
  • 1992: Eicher Tractors Ltd. selected as ‘Company of the Year’ for 1990-91 in the four-wheeler category comprising commercial vehicles, passenger cars, jeeps and tractors.
  • 1993: Eicher adopts new identifier.Eicher acquires majority stake in Enfield India (60% equity shareholding)
  • 1994: Eicher Motors Ltd. ends the technical assistance agreement with Mitsubishi after a successful transfer of technology and achieving total indigenisation. Enfield India Ltd. changed its name to Royal Enfield Motors Ltd.
  • 1996: Eicher Tractors Ltd. amalgamated with Royal Enfield Motors to form Eicher Ltd.
  • 2005: Eicher Motors Ltd. has disinvested the businesses of tractors and engines to TAFE Motors & Tractors Ltd. (TMTL).
  • 2008: Volvo Group and Eicher Motors Ltd. established VE Commercial Vehicles Limited (VECV).
  • 2010: The company launched the VE-series of Heavy Duty trucks
  • 2010 - Eicher Motors launched the VE-series of Heavy Duty trucks
  • Eicher Motors Limited’s joint venture with US based Polaris Industries Inc formed in 2012, Eicher Polaris Private Ltd.
  • (EPPL) launched the Multix, a new 3-in-1 vehicle purpose built for the independent businessman in June 2015.
  •  As of April 1st 2016, Eicher Motors became a part of the Nifty 50 Index.

Recognition

It has received ISO certification for its quality systems.

It has received IES excellance award as recognition of excellance in productivity, quality innovation and management.

The company has received award from National Productivity Council for best performance in production.

Eicher Motors, a company that manufactures iconic Royal Enfield motorcycles.

 
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