Eicher Motors Share Price

Eicher Motors, the most popular and well-performing company in the Eicher group and a leader in the automobile industry in India, was incorporated in 1982. 

Royal Enfield, the world's oldest motorcycle brand in continuous production, has been producing its distinctive motorcycles since 1901. Eicher Motors Limited (EML) is its parent company and has development facilities in Leicestershire, UK, and Chennai, India, and operates in over 60 countries worldwide.

Eicher Group's integrated manufacturing plant in Pithampur, Madhya Pradesh, is the global hub for Volvo's medium-duty five- and eight-litre engines.

Eicher Motors is traded on the Bombay Stock Exchange and the National Stock Exchange. Since April 1, 2016, it has been a component of the Nifty 50 Index.

History

Eicher Tractor Corporation of India, founded in 1958, produced its first tractor in Faridabad in 1959. In 1980, it was renamed Eicher, and in 1982, it began producing light vehicles with technical assistance from Mitsubishi. Eicher went public in 1987, and Goodearth purchased 26% of Enfield India Ltd in 1990. Eicher vehemently contended for the 'company of the year for 90-91' for its contributions to the four-wheeler sector in 1992.

By then, it had continuously produced tractors, commercial vehicles, jeeps, and cars. It had purchased 60% of the stock interest in Enfield India Ltd. Eicher renamed Enfield India Ltd as Royal Enfield. In 1994, it ceased taking technical support from Mitsubishi. In 1996, Eicher Ltd was formed through a merger with Royal Enfield Motors. Eicher Motors now produces the Royal Enfield motorcycle and the VE-series heavy-duty trucks.

Shareholding Pattern

Eicher Motors Shareholding Pattern page displays the DII's holding, Shareholding by the general public, Promoter's holding, and FIIs holding as follows:

No of Shares—273423102 (100%)

Promoters—128468159(46.99%)

Foreign Institutions—79903448 (29.22%)

Nationalised Banks Mutual Funds—18137604 (6.63%)

CentralGovt—260780 (0.1%)

Others—7077636 (2.59%)

General public—24423525 (8.93%)

Financial Institutions—9055070 (3.31%)

Foreign Promoter—6096880 (2.23%)

Corporate Social Responsibility Information

Corporate Social Responsibility (CSR) is based on the belief that it can impact the industry in particular and the society at large in a significant manner by maintaining a healthy and trained workforce. Through their CSR initiatives, Eicher Motors works to overcome the divide between the automobile industry's demand for skilled labour and the available talent.

Driver Empowerment Initiatives

The driver welfare initiative works to provide comfort to drivers during long journeys by providing rest and training facilities. The training facility guides drivers in personal hygiene, fuel conservation, financial literacy and behavioural aspects. In its association with Indian Oil Corporation, Eicher has already started 6 Driver Pragati Kendras and is working on adding 6 more to the number.

Road Safety Initiatives

Eicher Motors works continuously to spread road safety awareness in a unique way to students by hosting numerous inter-school programmes during road safety week. The most significant inter-school competition is the quiz where the schools in a chosen locality compete with each other. Eicher Motors associates with the Indore police to organize the quiz on road safety, and the number of participating schools totalled 800.

Efforts to Fight Covid 19

Eicher Motors strived to fight the pandemic by providing 1,50,000 food packets at Pithampur and Dewas, the areas surrounding the VEVC manufacturing plant. They distributed 4500 meal packets to the underprivileged and extended a helping hand to 500 construction workers by providing food and sanitation facilities in Bhopal.

In addition, Eicher Motors provided masks, sanitization kits and food to over 11,000 drivers and sanitized about 1600 trucks. Eicher Motors also offered their customers an extended warranty, free service, and annual maintenance for two months.