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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.
Country
India
Year of Establishment
1984
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
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| 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) |
| 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 |
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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