Eicher Motors

Eicher Motors

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Eicher Motors

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Description:
Eicher Group is a conglomerate of the firms Eicher Goodearth Ltd., Eicher Ltd., Eicher Motors Ltd., Eicher International Ltd., and ECS Ltd., based in New Delhi, India. As of 1 July 2009, the company was renamed VE Commercial Vehicles Limited. It is a 50:50 joint venture with Volvo Group. The Eicher company has around 2500 employees located in four manufacturing facilities and 49 marketing and area offices around India. The group has around 600 suppliers of components and sub-assemblies. The group’s products are supplied by a network of around 381 dealers distributed across India. Eicher is present in over 40 other countries.

History

Eicher Motors is a commercial vehicle manufacturer in India. The company's origins date back to 1948, when Goodearth Company was established for the distribution and service of imported tractors.

In 1959 the Eicher Tractor Corporation of India Private Ltd. was established, jointly with the Eicher tractor company, a German tractor manufacturer. In 1960 the first tractor produced in India was put on the market.

Since 1965 Eicher in India has been completely owned by Indian shareholders. The German Eicher tractor was partly owned by Massey-Ferguson from 1970, when they bought 30 per cent. Massey-Ferguson bought out the German company in 1973.

In 2005 Eicher Motors Ltd. sold their tractors and engines business to TAFE Tractors (Tractors And Farm Equipment Ltd) of Chennai, the Indian licencee of Massey Ferguson tractors.

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