Eicher Motors Ltd., an Indian multinational automobile company, and parent company of Royal Enfield, global leader in the mid-weight motorcycles segment, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL. As part of this collaboration, the Board of Directors of Eicher Motors Ltd. has approved an investment of €…
Tag: eicher motors
Eicher Motors appoints Vidhya Srinivasan as CFO
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•Eicher Motors Limited announced the appointment of Vidhya Srinivasan as Chief Financial Officer of the company, with effect from November 18, 2022. According to the company’s exchange filing, “we wish to inform you that Ms. Vidhya Srinivasan has been appointed as the Chief Financial Officer and a Key Managerial Personnel of Eicher Motors Limited w.e.f.…
Eicher Motors Ltd re-appoints Siddhartha Lal as Managing Director
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•Eicher Motors Limited announced the re-appointment of Siddhartha Lal as a Managing Director for a further period of five years, effective May 01, 2021. According to the Company’s exchange filing, “the Board of Directors of the Company at its Meeting held today i.e. August 23, 2021, has re-appointed Mr. Siddhartha Lal (DIN: 00037645) as Managing…
Eicher Motors acquires Volvo India’s bus manufacturing arm for ₹100Cr
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•Eicher Motors Ltd subsidiary Volvo Eicher Commercial Vehicles Ltd (VECV), recently announced that it has acquired Volvo Bus India, a division of Volvo Group India Pvt. Ltd, for about ₹100 crore. Volvo Bus India is engaged in the business of production and sale of buses and coaches in India. “The transaction comprises of the proposed…
Joint Venture between Eicher Motors and Polaris Industries (USA), to invest Rs. 250 Crs in green field project in Automotive Sector
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•Eicher Motors Limited, a leading player in the Indian automobile industry has signed a strategic joint venture agreement with US based Polaris Industries Inc., a recognized leader in the power sports industry, to set up a greenfield project in the automotive sector. The definitive agreement was signed between Mr Siddhartha Lal, MD & CEO, Eicher…