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Eicher Motors

Eicher Motors Eicher Motors was the first Indian company to make India's very first tractor. On 3rd September, 1960 the company rolled out the first indigenously built tractor of the country from its Faridabad factory. The birth of the company dates back to 1948, when Goodearth company was set-up for the sales and service of imported tractors in India.

Quick Facts
Country India
Year of Establishment 1948
Listings & its codes NSE: EICHERMOT; BSE: 505200
Contact Details 79-80, Satkar Building
Nehru Place
New Delhi - 110 019
Tel.: +(91)-(11)-41619809, 41619810
Fax: +(91)-(11)-41619808
Plant Plot 102 & 102A
Industrial Area No.1
Pithampur (Distt. Dhar) - 454 775
Madhya Pradesh, India
Tel.: +(91)-(7292)-502601 to 09
Fax: +(91)-(7292)-253109
Website www.eicherworld.com
Products of Eicher Motors
Products Brands
Trucks
  • Eicher 10.50
  • Eicher 10.59
  • Eicher 10.75
  • Eicher 10.90
  • Eicher 11.10
  • EIcher Jumbo 20.16
  • Eicher Galaxy 30.25
Buses
  • Eicher Skyline Bus
  • Eicher School Bus
  • Eicher Cruiser
  • Eicher Skyline CNG
Chassis
  • Eicher 10.75 F Bus Chassis
  • Eicher 10.90 K Bus Chassis
  • Eicher 11.10 H Bus Chassis
  • Eicher 11.10 K Bus Chassis
  • Eicher 20.15 Bus Chassis

Segment wise Revenue, Results and Capital Employed
Particulars For the Quarter ended
30.6.2006
For the Quarter ended
30.6.2005
For the Year ended
31.3.2006
(Audited)
1. Segment revenue (net of excise duty)
a. Commercial vehicles 315.76 267.86 1337.21
b. Tractors - 70.74 70.74
c. Two wheelers 44.98 39.62 182.05
d. Components (including Gears) 28.04 25.36 92.15
e. Others 0.94 0.18 2.06
Total 389.72 403.76 1684.21
Less:Inter segment revenue 3.23 9.92 22.83
Net segment revenue
2. Segment results (Profit/loss) before interest, other unallocable income/expenditure, exceptional items and tax) 386.49 393.84 1661.358
a.Commercial vehicles 12.03 1.97 45.00
b. Tractors - 2.01 2.01
c. Two wheelers 0.31 (1.06) (5.61)
d. Components (including Gears) 0.95 2.42 5.85
e. Others (0.80) (0.57) (3.38)
Total 12.49 4.77 43.87
Less: Interest 3.43 4.07 16.51
Other unallocable expenditure (net of unallocable income) (3.27) (0.36) (5.58)
Profit before exceptional items and tax 12.33 1.06 32.94
Items considered exceptional items
Profit on sale of Tractor and Allied Divisions (net of expenses) - 182.12 173.40
Expenditure pursuant Voluntary Retirement Scheme - - (6.74)
Profit before tax 12.33 183.18 199.60
3. Capital employed
(Segment assets less Segment liabilities)
a. Commercial vehicles 281.14 302.92 284.85
b. Tractors - - -
c. Two wheelers 35.28 43.69 27.90
d. Components (including Gears) 41.25 40.83 41.97
e. Others 4.75 0.82 3.49
Total 362.42 388.26 358.21

Milestones of Eicher Motors
1948 The Company, Goodearth was set up to sell and service imported tractors.
1959 First indigenous Eicher tractor built.
1952 - 1957 Goodearth imported and sold about 1500 tractors in India.
1958 Incorporation of Eicher Tractor Corporation of India Ltd.
Apr. 24, 1959 Eicher launched the first indigenously built tractor from its Faridabad factory.
Sept.3, 1960 Changed name to Eicher Tractors India Ltd.
1965 - 1975 100% indigenization achieved in Eicher Tractors.
1980 Eicher Goodearth Limited name given to Eicher.
1982 Collaboration with Mitsubishi.
Oct. 4, 1982 Collaboration agreement for the manufacture of Light Commercial Vehicles signed with Mitsubishi in Tokyo.
Oct. 14, 1982 Eicher Motors Limited was incorporated.
1985 Silver Jubilee Year for Eicher.
1986 Eicher Motors Limited springs into operation.
Dec., 1987 Eicher Tractors went public.
Feb. 2, 1990 Eicher Goodearth buys 26% equity stake in Enfield India Ltd.
1991 ECS launched
1991 Eicher takes over Ramon & Demm
Apr.1, 1991 Formal launch of Management Consulting division of Eicher - ECS
Aug.24, 1993 Eicher acquires majority stake in Enfield India (60% equity shareholding)
Mar. 1994 End of the technical assistance Agreement with Mitsubishi after successful transfer of technology and achieving total indigenisation.
Jun. 23, 1994 Enfield India Limited changed its name to Royal Enfield Motors Limited
Dec.20, 1995 Eicher City Map - Delhi launched
1996 Eicher Tractors Limited amalgamated with Royal Enfield Motors to form Eicher Limited on Jun. 1, 2005.
Jun. 1, 2005 Eicher Motors Limited disinvested the businesses of Tractors & Engines to TAFE Motors and Tractors Limited (TMTL)

Company Flashback
Eicher made its first tractor in 1959, the year of establishment. Today, the company plays a significant role in the automobile industry of India. The Eicher Group has a gross sales turnover of more than Rs. 17,250 million (data for the FY 2004-05).

The company has diversified business interests in design & development, manufacturing, and local/ international marketing of Trucks & Buses, Motorcycles, Automotive Gears and components. Abreast of this, Eicher has also invested in the potential growth areas of Management Consultancy Services, Customised Engineering Solutions, City Map & Travel Guides.

The company has about 2400 employees located in 5 manufacturing facilities and 56 marketing & area offices all over the country. The Group has approximately 675 vendors supplying components and sub-assemblies that testifies to the strength of the vendor base. Its products are brought to the customer through its strong network of around 380 dealers distributed across the length and breadth of India. Eicher has presence in more than 40 countries across the world.

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