EICHER MOTORS LIMITED

We are the owners of the iconic Royal Enfield brand and lead India’s premium motorcycle segment.

Carrying forward with us the legacy of being the oldest motorcycle brand in continuous production, we are committed to evolve into an extremely differentiated and experiential brand. We do this by connecting riders to the world of pure motorcycling with our awesome and aspirational yet accessible motorcycles and deeply engaging experiences. Eicher Motors Limited (EML) is a leading automotive player engaged in the manufacture of motorcycles and commercial vehicles with operations spread across leading global automotive markets.

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Motorcycles

Royal Enfield

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Commercial vehicles

Volvo Eicher Commercial Vehicles (VECV)

MESSAGE TO THE SHAREHOLDERS

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Dear Shareholders,

I’m writing to you after what’s been a fairly tough year for the Indian automotive industry and your company. The latter half of 2018-19 was very challenging for the industry in India with a slowing economy, coupled with price increases driven by a number of regulatory changes, weakening demand across the industry.

After several years of double-digit sales growth, we recorded flat sales volumes at Royal Enfield as slowing economic growth along with price increases brought on by regulatory changes affected demand. VECV was also affected by the economic slowdown, liquidity crisis and an all-time high discounting across the commercial vehicles industry.

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GEOGRAPHIC FOOTPRINT

Headquartered in Gurugram, India

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Manufacturing facilities in India at Thiruvottiyur, Oragadam and Vallam Vadagal near Chennai, India

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Technology Centers Leicestershire, UK and Chennai, India

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Fully owned subsidiaries in USA and Brazil (Royal Enfield North America & Royal Enfield Brazil)

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Exclusive stores in India

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Exclusive Royal Enfield stores across UK, Colombia, USA, Mexico, UAE, France, Spain, Indonesia, Thailand, Philippines, Australia, New Zealand, Portugal, Malaysia, Brazil, Vietnam and Argentina.