Eicher Motors is a key player in the Indian automotive industry, known for its iconic Royal Enfield brand and its robust commercial vehicle segment. The company’s success can be attributed not only to its flagship brands but also to its strategic investments in Eicher Motors subsidiaries. These subsidiaries and joint ventures span across various segments, contributing to Eicher Motors’ diverse and expansive portfolio.
List of Eicher Motors Subsidiaries
- Royal Enfield: One of the most recognized names under the Eicher Motors subsidiary companies, Royal Enfield has become synonymous with premium motorcycles in India and abroad. Since becoming a part of Eicher Motors in the 1990s, Royal Enfield has played a pivotal role in Eicher’s success.
- VE Commercial Vehicles (VECV): The VE Commercial Vehicles Eicher partnership is one of Eicher’s most significant joint ventures. Formed in 2008 between Eicher Motors and Sweden’s Volvo Group, this partnership focuses on manufacturing and selling commercial vehicles, buses, and engines. It represents a major part of the Eicher Motors commercial vehicle division, which is crucial to Eicher’s global expansion.
- Eicher Engineering Components: This is one of the less prominent yet critical names under Eicher Motors group companies. This subsidiary deals with the manufacturing of components and aggregates used in automotive and engineering applications.
- Eicher Polaris: Eicher’s joint venture with Polaris Industries created Eicher Polaris Pvt Ltd, focusing on developing personal utility vehicles like the Multix. However, this venture was later discontinued due to lower-than-expected demand.
- International Ventures: Eicher Motors has been steadily increasing its global footprint with Eicher Motors international subsidiaries. Through its Royal Enfield brand, the company has expanded to several international markets, establishing subsidiary entities in Europe and North America.
Eicher Motors Business Divisions
Eicher Motors operates through two main business divisions:
- Motorcycles: Led by Royal Enfield as Eicher Motors subsidiary, this division focuses on mid-sized motorcycles and has achieved global recognition for its products.
- Commercial Vehicles: Managed by the VE Commercial Vehicles Eicher partnership, this division focuses on trucks, buses, and engines.
Eicher Motors Joint Ventures and Collaborations
Eicher’s collaborations are key to its growth strategy. The VE Commercial Vehicles Eicher partnership with Volvo Group is one of the most notable joint ventures, boosting the company’s presence in the commercial vehicle segment. Eicher’s other joint ventures and collaborations have allowed it to innovate and expand in both domestic and international markets.
FAQ
- What are the main subsidiaries of Eicher Motors?
- The main Eicher Motors subsidiary companies include Royal Enfield, VE Commercial Vehicles, and Eicher Engineering Components.
- Is Royal Enfield part of Eicher Motors?
- Yes, Royal Enfield is an Eicher Motors subsidiary and a significant contributor to the company’s success.
- What is the VE Commercial Vehicles Eicher partnership?
- This joint venture between Eicher Motors and Volvo Group focuses on manufacturing and selling commercial vehicles and engines.
- Does Eicher Motors have international subsidiaries?
- Yes, Eicher Motors international subsidiaries support the global expansion of its brands, especially Royal Enfield.
- Which division generates the most revenue for Eicher Motors?
- Both the motorcycle and commercial vehicle divisions are crucial, but Royal Enfield has been a key driver of revenue growth for Eicher Motors.
In summary, Eicher Motors subsidiaries play a vital role in the company’s expansion across different sectors, from motorcycles to commercial vehicles. With a strong presence both in India and internationally, Eicher continues to innovate and grow through strategic partnerships and subsidiaries.