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Eicher Motors Limited
Eicher Motors Limited
Eicher Motors Limited
MISSION :-
VECV aims to continuously improve transportation efficiency in India and developing
Markets, thereby reducing logistics costs for goods and people- leading to higher
enablement of specialization in manufacturing, agriculture and services, thereby
increasing the nation’s economic activity and productivity.
Summary of a company :-
• Eicher motors limited is a commercial vehicle manufacturer in India. The company’s origins date back
to 1948,When Good earth company was established for distribution and service of imported tractors.
• In 1959 the Eicher tractor corporation of India Private Ltd. Was established, jointly with the Eicher
tractor company a German tractor manufacture.
• In February 1990, Eicher Good earth bought 26%stake in Enfield India Ltd. and by 1993 Eicher acquire
a majority stake (60% equity shareholding) in Royal Enfield India.
• In July 2008, Eicher Motors Ltd and Volvo Group’s 50:50 joint ventures VE Commercial vehicles(VECV)
designs, manufactures and markets commercial vehicles, engineering components and provides
engineering designs.
• Subsidiaries of Eicher Motors Limited :-
Royal Enfield , EICHER Polaris, VE Commercial vehicles Ltd
• CSR activities by Eicher Motor Ltd :- Good Earth Education Foundation, Dr. Shroff’s Charitable
Eye Hospital
COMPETITIVE ANALYSIS :-
PARTICULARS EICHER MOTORS LTD ASHOK LEYLAND LTD