Eicher Motors Limited
Eicher Motors Limited (EML) is an Indian multinational automotive company that manufacturer motorcycles and commercial vehicles, headquartered in New Delhi, India. It was founded in 1948 by Vikram Lal. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden’s Volvo Trucks – VE Commercial Vehicles Limited (VECV).
The world’s oldest motorcycle brand in continuous production, Royal Enfield has made its distinctive motorcycles since 1901. Royal Enfield operates in India, and over 60 countries around the world with modern development facilities in Leicestershire, UK and Chennai, India. Royal Enfield makes its motorcycles in Chennai, Tamil Nadu for the world. VECV has a complete range of trucks and buses from 4.9-55 tonnes, and its integrated manufacturing plant in Pithampur, Madhya Pradesh is the global hub for medium duty five- and eight-litre engines for Volvo Group.
Eicher has initiated the following programs under its Corporate Social Responsibility (CSR): Industry Institution Tie-up for Bridging the Skill Gap to generates direct employment of 30 to 40 % (manpower for automobile & component manufacturing) and indirect employment of 60 to 70 % (manpower for enabling industries i.e. Vehicle dealers, Finance & insurance companies, Service stations, Private garages, Spares part distributors, Drivers & helpers). Driver Training Programs in which Eicher is committed to the cause of road safety and believes that safe driving requires the right attitude and skill of driving. Several Driver Welfare Programs in which Eicher has taken a unique initiative of Pro DESH (Driver Empowerment for Successful Hindustan), which aims at: Increasing loyalty and skills of the driver through a training program, Increasing the financial and social status of a driver and Providing good en-route resting facilities to drivers.
Their shareholding pattern consists of Promoters and Promoter Group having 49.22% of shares, Government having 0.10%, Public having 12.36% shares followed by FII’s having 28.83% shares and DII’s with 9.5% shares.
