Eicher Motors is a commercial vehicle manufacturer in India.In 1959 the Eicher Tractor Corporation of India Private Ltd was established, jointly with the Eicher tractor company, a German tractor manufacturer. Since 1965, Eicher in India has been completely owned by Indian shareholders.
Eicher Motors limited is a Large Cap company with a market capital of Rs 46706.56 Crore.
Mr.Vinod K Dasari is the CEO and Siddhartha Lal is the Managing Director of Eicher Motors Ltd. Mr S. Sandilya is the Chairman of Eicher Group.
Promoters held 49.28 per cent stake in the company as of March 31, 2020, while FIIs held 27.71 per cent, DIIs 11.72 per cent and public and others 11.75 per cent.As of 31-03-2020, the Eicher Motors has a total of 27,305,473 shares outstanding.
EML manufactures the iconic Royal Enfield brand of motorcycles, which leads the premium motorcycle segment in India. Royal Enfield is the oldest motorcycle brand in continuous production world-wide.
Royal Enfield’s product line-up includes the Bullet, Classic and Thunderbird models in both 350 and 500cc displacements and the Continental GT 535cc model.
Royal Enfield operates in India, and over 50 countries around the world. With modern development facilities in Leicestershire (UK) and Chennai (India).
EML’s 50-50 joint venture joint venture with the Volvo group, VE Commercial Vehicles Limited (VECV), designs, manufactures and markets reliable, fuel-efficient trucks and buses.
VECV has a wide product range from 5t to 40t GVW trucks and 15 to 65-seater buses. The buses are sold under the Skyline and Starline brands.
In the full year FY20, company’s consolidated profit declined 17 percent to Rs 1,827.44 and revenue fell 6.6 percent to Rs 9,153.58 crore compared to previous year.
On June 12, 2020, EML reported a 44.1 percent year-on-year decline in its Q4FY20 consolidated profit due to nationwide lockdown in second half of March and overall slowdown in auto business.
Profit declined to Rs 304.3 crore during the quarter, compared to Rs 544.8 crore in same period last year.
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