Eicher Group is a conglomerate of the firms Eicher Goodearth Ltd., Eicher Ltd., Eicher Motors Ltd., Eicher International Ltd., and ECS Ltd., based in New Delhi, India. Now from 1st July renamed V. E. Commercial vehicle Ltd. It is a joint venture with AB Volovo.
Eicher Motor is one of the prominent commercial vehicle manufacturer in India.
In 1959 the Eicher Tractor Corporation of India Private Ltd. was established, together with Gebr. Eicher, a German tractor manufacturer. In 1960 the first tractor ever produced in India was put on the market.
Since 1965 Eicher has been completely owned by Indian shareholders.
German car manufacturer Daimler Chrysler is going to increase its current stake from 3.56% to 20% in Eicher Motors. (Economic Times, October 6, 2006)
Eicher began its business operations in 1959 with the roll out of India’s first tractor. Today the Eicher Group is a significant player in the Indian automobile industry with a gross sales turnover of over INR 19,000 million (424 USD Mn) in the year 2005-06.
The Eicher Group has diversified business interests in design & development, manufacturing and local/ international marketing of Trucks & Buses, Motorcycles, Automotive Gears and components.
In addition to this, Eicher has also invested in the potential growth areas of Management Consultancy Services, Customised Engineering Solutions, City Map & Travel Guides. The activities of the Group are divided into the following business units covering all the business interests.
EICHER GOODEARTH LIMITED
Eicher Motors Limited
Eicher Engineering Components
:: Commercial Vehicles
Investments in Group companies
Eicher Engineering Solutions
Customised Engineering Solutions
Good Earth Publications City Maps & Travel Guides
Eicher has around 2500 employees located in 4 manufacturing facilities and 49 marketing & area offices all around India. The Group has around 600 vendors supplying components and sub-assemblies, which testifies to the strength of the vendor base. The Group’s products are brought to the customers through its strong network of around 381 dealers distributed across the length and breadth of the country. Eicher is present in over 40 countries across the world.
Over 85 executives work exclusively in the area of R&D. Product development and product-engineering facilities are available at each of Eicher’s major manufacturing locations. Expertise has been developed in the areas of design and development of Trucks & Buses, Automotive transmission, Electronic instrumentation, Material science, Metrology as well as prototype manufacturing and testing.