STOCK WATCH / EICHER MOTORS LIMITED / BSE 27350.10 / NSE 31,772.05
Incorporated in 1982, Eicher Motors Limited is the flagship company of the Eicher Group in India and a leading player of the Indian automobile industry.
The oldest motorcycle company in continuous production, Royal Enfield made its first motorcycle in 1901. A division of Eicher Motors Limited, Royal Enfield has created the mid-size motorcycle segment in India with its unique and distinctive modern classic bikes.
VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since July 2008, the company includes the complete range of Eicher branded trucks and buses, VE Powertrain, Eicher’s components and engineering design services businesses, the sales and distribution business of Volvo Trucks as well as aftermarket support to Volvo Buses in India.
In 2012, Eicher Motors Limited signed a strategic joint venture agreement with US based Polaris Industries Inc., to design, develop, manufacture and sell a full new range of personal vehicles suitable for India and other emerging markets. The JV will allow Eicher Motors Ltd. to enter into a new vehicle segment. In 2013, the JV company- Eicher Polaris Pvt. Ltd (EPPL), set up it’s manufacturing facility in Jaipur, Rajasthan.