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

(Rs in crores)

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.