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Private company

Eicher Motors

Indian multinational automobile manufacturing company

Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. It also manufactures Eicher branded trucks and buses, under a joint venture with Volvo Group.2 It was founded by Vikram Lal.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1948Founded1
  • Industryautomotive industry1
  • HeadquartersGurgaon1
  • Websitewww.eicher.in
  • Legal formpublic company1
  • LEI25490059S64CN2OY72393
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressOffice No. 1111, 11th Floor, Ashoka Estate, 110001 New Delhi, India3
  • Registered withMinistry of Corporate Affairs, L34102DL1982PLC1298773

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Royal Enfield Bullet Electra 350, pure black model 05
Photo: Pinakpani, CC BY-SA 4.0, via Wikimedia Commons5

Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. It also manufactures Eicher branded trucks and buses, under a joint venture with Volvo Group.2

Corporate structure

Eicher Motors sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by Vikram Lal in 1948.1

Eicher Motors Limited, the Indian company, is a commercial vehicle manufacturer in India. It traces its origins to the Goodearth Company, established in 1948 to sell and service imported tractors in India. In 1958, Eicher Tractor Corporation of India was established to manufacture tractors in India by Goodearth Company in collaboration with Eicher Tractors of Germany. The company manufactured its first indigenous tractor in 1959, and a year later changed its name to Eicher Tractors India Ltd.

Since 1965, Eicher in India has been completely owned by Indian shareholders. The German Eicher tractor was partly owned by Massey Ferguson from 1970, when they bought 30%. Massey Ferguson bought out the German company in 1973.

In 2005, Eicher Motors Ltd sold their tractors and engines business to TAFE Tractors (Tractors and Farm Equipment Ltd) of Chennai, the Indian licensee of Massey Ferguson tractors.

In October 1982, a collaboration agreement with Mitsubishi for the manufacture of light commercial vehicles (LCVs) was signed in Tokyo and in the same period the incorporation of Eicher Motors Limited also took place. LCVs were sold under the "Eicher Mitsubishi" brand. In February 1990, Eicher Goodearth bought 26% stake in Enfield India Ltd and by 1993 Eicher acquired a majority stake (60% equity shareholding) in Royal Enfield India.

In July 2008, Eicher Motors Limited (EML) and Volvo Group's formed a 50:50 joint venture called VE Commercial Vehicles (VECV) which designs, manufactures and markets commercial vehicles, engineering components and provides engineering design.

At present, Volvo Group owns 45.6% of VECV, while Eicher Motors holds the remaining 54.4%. In 2020, VECV bought Volvo Buses India operations for ₹100 crore.

In 2012, Eicher Motors started a joint venture with American company Polaris Industries called Eicher Polaris to make personal utility vehicles, starting with Eicher Polaris Multix in 2015. This joint venture company ceased operations in 2018.

From Wikipedia’s article on Eicher Motors, shared under CC BY-SA 4.0.4

Leadership

Who has led Eicher Motors, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • truck

Listed on Wikidata.1

Vehicles

Eicher Large/Small-Size Tempo Trucks

Eicher Buses/Large/Small-Size Vans

Volvo Large/Small-Size Tempo Trucks

Volvo Large/Small-Size Buses and Vans

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Royal Enfield Motorcycles

In the end of 2025 VE Commercial Vehicles unveiled their ProX line up of new small trucks under Eicher Trucks and Buses brand. The line-up was built from ground up because VECV never had small commercial trucks in any brand. First electric variants were launched with 32 and 40kwh lithium iron phosphate battery with 107hp and 250km range. Later diesel versions were launched with their all new E449 X2 engine a 4-cylinder 2 liter coupled with 5 Speed transmission with output of 80hp and 230nm of torque. The line-up has payload capacity of 1.3 to 1.8 tons with two cargo bed length options 9.8 and 10.8ft. The cabin has sitting capacity of driver plus two pax and built with Indian and European Safety Standards.

Volvo Financial Services (VFS)

Eicher Motors announces a new joint venture with Volvo Financial Services. In May 2026, Eicher Motors Limited announced a 50:50 joint venture with Volvo Financial Services (VFS) to provide financing, leasing, and other financial services for Volvo and Eicher-branded commercial vehicles in India. Eicher Motors approved an investment of up to ₹750 crore for a 50% equity stake in Volvo Financial Services India. The joint venture will serve as the captive financing arm for VECV, Eicher Motors, Volvo Group, and Royal Enfield products.

From Wikipedia’s article on Eicher Motors, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • Siddhartha Lal

Subsidiaries

From Wikidata.1

Timeline

  1. 1948Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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