Eicher Motors Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Eicher Motors?

Eicher Motors Limited, a prominent Indian automotive company, primarily operates through two main divisions: Royal Enfield and VE Commercial Vehicles (VECV). Here are the Products and Services offered:

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1. Royal Enfield:

  • Motorcycles: Eicher Motors is renowned for its iconic Royal Enfield brand, which includes models like the Classic, Bullet, Himalayan, Interceptor 650, and Continental GT 650. They have also introduced new models such as the Shotgun 650 and updated versions of the Himalayan and Meteor 350.
  • Accessories and Apparel: Royal Enfield also offers a range of motorcycle accessories, riding gear, and apparel designed to enhance the motorcycling experience.

2. VE Commercial Vehicles (VECV):

  • Light and Medium Duty Trucks: VECV offers a comprehensive range of trucks, including the Pro Series trucks, which cater to various commercial needs. These trucks are known for their reliability, fuel efficiency, and advanced technology.
  • Heavy Duty Trucks: VECV manufactures heavy-duty trucks for long-haul transportation and construction purposes, providing solutions that are robust and efficient.

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  • Buses: The company also produces a range of buses, including city buses, school buses, and intercity coaches. Their latest innovations include electric buses and vehicles with advanced safety and comfort features【72†source】.
  • Components and Engineering Solutions: VECV provides engineering solutions and components, focusing on the manufacture of engines, gearboxes, and other critical parts for commercial vehicles..

Question 2: Who are the promoters of Eicher Motors?

The promoters of Eicher Motors Ltd are primarily family trusts associated with the Lal family, notably the Simran Siddhartha Tara Benefit Trust and the Brinda Lal Trust. These trusts collectively own a significant portion of the company, ensuring control and influence over its strategic direction. The Lal family has been instrumental in the growth and development of Eicher Motors over the years. Key Management Members of Eicher Motors are:

1. S. Sandilya - Chairman

  • With over 44 years of experience, Sandilya has been part of Eicher since 1975. He has held various significant roles including Managing Director and Group Chairman and CEO. He transitioned to the role of Non-Executive Chairman in 2006.

2. Siddhartha Lal - Managing Director & CEO

  • Siddhartha holds a Master's degree in Automotive Engineering from the University of Leeds and is an alumnus of St. Stephens College, Delhi. He is pivotal in driving Eicher's strategic initiatives and growth, particularly with the Royal Enfield brand.

3. Vinod Aggarwal - Non-Executive Director

  • The Managing Director & CEO of VE Commercial Vehicles Ltd, a joint venture with Volvo, Aggarwal has over 35 years with Eicher, including roles as CFO. He has received numerous awards for his contributions to the commercial vehicle industry.

4. B. Govindarajan - CEO, Royal Enfield & Whole-time Director

  • With more than two decades at Eicher and Royal Enfield, Govindarajan has led the Royal Enfield business and spearheaded its electric mobility plans. His extensive experience spans across manufacturing, quality management, and cost control.

5. Manvi Sinha - Independent Director

  • Sinha has a background in economics and chartered accountancy, with rich experience in journalism and business leadership. She was formerly the Chief Revenue Officer at NDTV Ltd and has significant expertise in media and financial sectors.

6. Inder Mohan Singh - Independent Director

  • A legal and financial expert, Singh is a partner at Shardul Amarchand Mangaldas & Co. He specializes in corporate governance, mergers and acquisitions, and has vast experience in the automobile industry and other sectors.

Question 3: Who are the clients of Eicher Motors?

Eicher Motors, the parent company of Royal Enfield and a prominent player in the commercial vehicle sector, serves a variety of clients globally. The key clients include:

1. State Transport Corporations: Various state-run transport services in India utilize Eicher buses.

2. Logistics Companies: Many logistics and transportation companies, such as Gati and VRL Logistics, use Eicher trucks and buses.

3. Municipal Corporations: Municipal bodies across different cities use Eicher's specialized vehicles for public services.

4. Construction and Infrastructure Firms: Companies involved in construction and infrastructure projects often use Eicher's commercial vehicles.

5. Educational Institutions: Several schools and colleges use Eicher buses for student transportation.

6. Agricultural Sector: Farmers and agricultural businesses use Eicher trucks for transporting goods and produce.

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