Eicher Motors Ltd
NSE: EICHERMOT BSE: 505200
₹7225
+142.50 (2.01%)
Thu, 22 Oct 2026, 04:20 pm
Market Cap (in Cr)194089.61
PE Ratio34.39
Dividend1.16
Consumer Durables
Motor Vehicles
24.5KEicher Motors Ltd Company History
1982
- Incorporated on 14th October.
- Promoted by Eicher Goodearth Ltd., Mitsubishi Corporation, Mitsubishi Motors Corporation, and MPAVN.
- Enters joint venture agreement for 15% equity by MC/MMC.
- Enters Technical Assistance Agreement with MMC on 4th October.
1983
- Obtains certificate of commencement of business on 28th March.
1984
- Technical Assistance Agreement amended; approved by Government of India on 23rd May.
1985
- Enters Director Equity Subscription Agreement with MPAVN for 9.8% equity.
- Allots equity shares to Eicher Goodearth, Mitsubishi entities, MPAVN, associates, NRIs, and public subscribers.
1990
- Develops container van, milk tanker, soft drink carrier.
- Opens markets in East Africa.
- Launches 4-tyre model; prepares higher payload model.
- Starts independent auto finance division.
- Gears up capacity to 12,000 vehicles per annum.
- Assets exceed Rs. 100 crores; registered as MRTP undertaking effective April.
1992
- Commissions machining line for cylinder head.
1994
- Issues 100,00,000 rights equity shares of Rs. 10 each at par.
1995
- Issues 500 equity shares kept in abeyance.
- Launches new 4-tyre model.
1997
- Develops left hand drive vehicle for exports.
- Launches Eicher 10.70 LCV in Karnataka.
- Ties up with financiers for customer financing.
1998
- Introduces Eicher 10.60 G, 10.90, and improved 10.90.
- Introduces left hand drive LCV.
- Introduces Skyline schoolbus.
- Enters technical collaboration with Valtra for 61+ HP tractors.
- Launches 50 HP tractor.
- Awarded Certificate of Merit for productivity by National Productivity Council.
1999
- Ties up with Volkswagen for passenger car segment.
- Introduces cellular concept machining in cylinder block line.
2000
- Launches 61 HP tractor with Valtra.
- Displays 10.5 tonne medium commercial vehicle.
- Appoints Rakesh Kalra as Managing Director and K K Vij as Additional Director.
2002
- Rakesh Kalra steps down as Managing Director.
- Launches 34-seater bus 'Voila'.
- Launches first indigenously designed HCV.
2003
- Introduces Eicher Jumbo 20.16 HCV in Karnataka.
- Files Expression of Interest for PSIDC stake in Punjab Tractors.
- Posts 32% growth in domestic CV sales.
- UBI ties up for financing equipment and farm vehicles.
- Appoints advisors for business review.
- Board approves demerger of Eicher Ltd automobile undertaking to EML at 2:5 ratio, Malbros amalgamation, effective April 1.
2004
- Arisaig Partners acquires shares through open market.
- SBI partners with Eicher Motors.
2005
- Enters definitive agreements with TMTL.
- Acquires DESIGN USA for $2.5 million.
2006
- Announces Siddhartha Lal as Managing Director designate.
- Partners with Wipro to source hydraulic kits.
2007
- Appoints Rajesh Arora as Company Secretary and Compliance Officer.
2008
- Appoints Prateek Jalan as Additional Director.
2009
- Indian promoters buy out Mitsubishi's stake.
2010
- Reports strong December sales.
- Partners with Volvo to develop Asia Truck.
- Appoints Lalit Malik as Chief Financial Officer.
- Launches VE-series Heavy Duty trucks.
2011
- Shifts registered office to Select Citywalk, Saket, New Delhi.
2012
- Appoints Vinit Kumar as Company Secretary and Compliance Officer.
- Shifts corporate office to #96, Sector-32, Gurgaon.
2013
- Unveils Pro Series trucks.
- Royal Enfield commences commercial production at Oragadam facility.
2014
- Royal Enfield completes Top to Tip ride in record time.
- Board recommends dividend.
2015
- Enters Business Purchase Agreement for assets of Harris Performance Products UK.
- Royal Enfield acquires UK-based Harris Performance.
- Eicher Polaris launches Multix personal utility vehicle.
- Royal Enfield announces direct distribution subsidiary in North America.
- Resumes production at Royal Enfield facilities.
2016
- Royal Enfield introduces Himalayan motorcycle.
2017
- Royal Enfield starts commercial production at Vallam Vadagal facility near Chennai.
- Royal Enfield unveils Interceptor INT 650 and Continental GT 650 at EICMA Milan.
2018
- Releases sales volume information to SIAM for VE Commercial Vehicles.
- Receives BS-VI certification for CNG engine from ICAT.
- VECV plans Rs 400 crore greenfield truck plant in Bhopal.
- Royal Enfield plans Rs 800 crore capex for fiscal.
2019
- Signs MOU with Tamil Nadu.
- Announces INR 700 crore capex for FY 2019-20.
2021
- Motorcycle sales grow 13% YoY in June.
- Motorcycle unit starts operations in Thailand.
2022
- Royal Enfield celebrates association with Indian Army with 'Tornadoes Wall' sculpture in Bengaluru.
- Royal Enfield ties up with Alpinestars for riding gear.
2024
- Royal Enfield signs MoU with Tamil Nadu Government for Rs. 3000 crore investment in brownfield and greenfield projects.
