Eicher Motors Limited-

#NSE0065– Eicher :: Eicher Motors Limited :: Home

Eicher Motors Limited, incorporated in 1982, is a prominent company within the Eicher Group in India and a significant player in the Indian automobile industry. Eicher Motors’ notable venture includes a strategic joint venture with Sweden’s AB Volvo, forming Volvo Eicher Commercial Vehicles Limited (VECV). VECV represents a synergistic collaboration leveraging Eicher’s robust market presence in India and Volvo’s advanced technology and expertise in commercial vehicles. Company is almost debt free.

The shareholding pattern In March 2024 indicates the distribution of ownership in Eicher Motors Limited among various categories of investors:

1. Promoters: Own a significant portion of the company, with a stake of +49.14%.
2. Foreign Institutional Investors (FIIs): Hold a stake of +28.95% in the company.
3. Domestic Institutional Investors (DIIs): Hold a stake of +11.04% in Eicher Motors.
4. Public: They collectively hold a stake of +10.77% in the company.

Global mid-size market, particularly in the EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions, is currently underserved, presenting a significant opportunity for growth.

In the EMEA region, Royal Enfield, a brand under Eicher Motors Limited, holds a market share of 9% in the middleweight segment as of FY24. Similarly, in the APAC region, Royal Enfield also holds a market share of 9% in the same segment.

Eicher Motors Limited achieved several notable milestones and accomplishments, as evidenced by the provided information:

1. 1,085+ Premium Global Touchpoints: This indicates a wide-reaching network of premium sales and service touchpoints globally, showcasing the company’s efforts to establish a strong presence in key markets.
2. Highest Ever Revenue from Non-Motorcycle Business: Eicher Motors recorded its highest-ever revenue from non-motorcycle business segments, showcasing diversification and successful expansion into other areas of the automotive industry.
3. Highest Number of Job Cards: This achievement highlights the high volume of service requests or maintenance jobs handled by the company, reflecting strong customer engagement and satisfaction.
4. Spare Parts Fastest Growing Business Post-Automation: After implementing automation processes, the spare parts business experienced significant growth in revenue, indicating the effectiveness of automation in improving operational efficiency and enhancing profitability.
5. Commenced Regional Warehouse Operations in Chandigarh and Kolkata: The commencement of regional warehouse operations in these locations suggests strategic expansion efforts to optimize logistics and distribution networks, catering to regional market demands efficiently.
6. Highest Service Market Share Achieved: Eicher Motors achieved its highest service market share in the year, indicating a strong position in after-sales service and support, crucial for maintaining customer loyalty and satisfaction.

The team of over 160 employees at Eicher Motors Limited comprises a diverse group of engineers and designers with extensive international experience across all facets of motorcycle design and development. Team comprises of 853 members in a Facility spread across 1,97,072 Sq.ft. New Product Introduction (NPI) framework in place to develop best-in-class products in an optimal timeframe.

Eicher Motors Limited’s significant investment in research and development (R&D) underscores its commitment to innovation and technological advancement in the automotive industry. Allocating approximately Rs. 1,500 crore over the last five years.

The provided information highlights Eicher Motors Limited’s robust quarterly sales performance across various segments, indicating strong market presence and growth momentum. Here’s a summary of the key highlights:

1. Total Quarterly Sales: Eicher Motors achieved a commendable quarterly sales figure of 25,732 units, which is the second-highest quarterly sales performance, trailing only behind the highest quarterly sales of 26,376 units recorded in Q4-FY’23.
2. Eicher HD Trucks: The company achieved its highest-ever Q4 sales of Eicher HD Trucks, with 6,476 units sold, representing a market share of 8.9%. Additionally, the combined sales of Eicher and Volvo HD trucks reached a record-high quarterly market share of 9.6%, with 6,993 units sold.
3. LMD Trucks: Despite a slight decrease in sales compared to the previous year, Eicher Motors achieved its highest-ever market share in the Light and Medium Duty (LMD) Trucks segment, reaching 35.8% with 11,033 units sold in Q4.
4. Bus Division: The Bus Division also achieved its highest-ever quarterly sales of 6,090 units, surpassing the previous year’s performance.
5. Parts Business: The combined parts business of Eicher and Volvo reached its highest-ever quarterly revenue of Rs. 574 crore, indicating significant growth of over 24% compared to Q4-FY’23.
6. VE Powertrain: VE Powertrain achieved its highest-ever Q4 sales of 15,717 units, registering a marginal growth of 0.5% over the previous year.

The provided information showcases Eicher Motors Limited’s exceptional performance in various segments, achieving record-breaking annual sales figures and significant growth across its business units. Here’s a summary of the key highlights:

1. Total Annual Sales: Eicher Motors achieved its highest-ever annual sales of 85,560 units, representing a remarkable growth rate of 7.5% compared to the previous fiscal year.
2. Eicher Trucks and Buses: The company achieved its highest-ever annual sales in the Eicher Trucks and Buses segment, reaching 83,088 units for the financial year, surpassing the previous best of 77,760 units in FY’23.
3. Volvo Trucks: Volvo Trucks also achieved its highest-ever annual sales of 2,131 units, with an impressive market share of 93.7% in the premium niche segment, surpassing the previous best of 1,710 units in FY’23.
4. Annual Parts Sales: The annual parts sales reached a record high of Rs. 2,118.46 crore, reflecting a substantial growth of 24% over the previous fiscal year’s high of Rs. 1,709 crore in FY’23.
5. VE Powertrain: VE Powertrain delivered its highest-ever annual sales of 58,962 units, exceeding the previous best of 53,739 units in FY’23, indicating strong demand and market acceptance.
6. Eicher Power Solutions: Eicher Power Solutions recorded its highest-ever annual sales of 8,989 units, reflecting significant growth compared to the previous fiscal year’s sales of 6,931 units.

The fiscal year 2023-24 for Eicher Motors Limited was marked by several significant highlights and achievements across various aspects of the business. Here’s a summary of the key highlights:

1. Launch of HD Non-Stop Series Pro 6000: Eicher Motors introduced the HD Non-Stop Series Pro 6000, enhancing its product portfolio with advanced features and capabilities, catering to the evolving needs of customers in the heavy-duty truck segment.
2. Introduction of Industry-Leading Automated Manual Transmission (AMT): Eicher Motors unveiled an industry-leading automated manual transmission (AMT) technology, known as E-Smart Shift, demonstrating its commitment to innovation and technological advancement in commercial vehicle technology.
3. VE Powertrain (VEPT) Ranked #1 in CII Inter-Industry Kaizen Competition: VE Powertrain, a division of Eicher Motors, achieved the top rank in the CII Inter-Industry Kaizen Competition, showcasing its excellence in continuous improvement practices and cost-saving initiatives.
4. Inauguration of International Parts Distribution & Branch Office (IPDC) in Dubai: Eicher Motors expanded its global footprint by inaugurating the International Parts Distribution & Branch Office (IPDC) in Dubai, underscoring its commitment to serving the Middle East market and providing better support to customers in the region.
5. Significant Quality Benchmark Achievement: Eicher Motors achieved a significant quality benchmark by attaining less than 20 demerits per vehicle, demonstrating its relentless focus on delivering high-quality products and customer satisfaction.

Eicher Motors made significant strides in the realm of electric mobility during the fiscal year. Here’s a breakdown of their achievements:

1. Delivery of Electric Commercial Vehicles:
   • Eicher Motors marked a milestone by delivering the first Pro 2055 EV to Safe-Express. This event signifies the company’s entry into the electric commercial vehicle market, showcasing its commitment to sustainable transportation solutions.
   • Partnering with Amazon for the procurement of 1000 Pro 2049 EVs further emphasizes Eicher Motors’ dedication to sustainable logistics and its role in shaping the future of urban transportation.
2. Delivery of Electric Buses:
   • Eicher Motors supplied electric 9-meter buses to prestigious clients such as the Indian Army and the National Highway Rail Corporation (NHRC). This highlights the company’s contribution to green public transportation initiatives and its role in supporting governmental and defense organizations in their sustainability goals.
   • Additionally, fulfilling key orders, including supplying 60 units to the Kerala State Road Transport Corporation (KSRTC), underscores Eicher Motors’ commitment to providing reliable and eco-friendly public transportation solutions to state governments and public transport authorities.

Eicher Motors’ joint venture with iTriangle aims to provide segment-specific multi-fleet solutions for VECV customers, leveraging telematics and IoT device-based solutions with intellectual property control and customer ownership.

Disclaimer-

It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.