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Siddhartha Lal said India already leads China, Japan, Europe and the US in the two-wheeler market. A uniform 18% GST would not only secure this leadership but also enable India to dominate the global electric two-wheeler market.
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The middleweight bikemaker is also betting big on Hunter 350, which was launched in August 2022, and is incidentally its most affordable motorcycle (priced at Rs 1.5 lakh)
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The Eicher Motors MD & CEO said that since the market is "not gagging” for electric motorcycles, he is not in a “tearing rush” to launch them
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With a virtual monopoly in the 250-750cc motorcycle market for many years, the company recently faced competition from new motorcycles such as the Triumph Speed 400, Harley Davidson 440X, Hero Mavrick 440, and Bajaj Pulsar 400.
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The company’s revenue from operations jumped 11.87 percent Year-On-Year (YOY) to Rs 4,256 crore as compared to Rs 3,804 crore in the same quarter last fiscal
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The company has earmarked over Rs 1,000 crore capex this fiscal. It is in the process of establishing a dedicated assembly line that will have a capacity of around 1.5 lakh units per annum for EVs
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Royal Enfield is no stranger to competition since it really “started succeeding” 10-15 years ago when it had a lot of growth, said Lal
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The company plans to make investments towards EV manufacturing, EV product development, and product development for its internal combustion engine portfolio
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Capex for Royal Enfield to be around Rs 1,000 crore for FY 2024, which is 33% higher than in the previous year.
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The latest generation cruiser is available in two variants-Super Meteor 650 and Super Meteor 650 Tourer-and will be initially sold in overseas markets.
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We will build the international market like we built the Indian market, the third-generation automobile entrepreneur said
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Institutional shareholders frowned on Eicher Motors’s decision to give managing director Siddhartha Lal a 10% pay raise, forcing the company to rework the proposal. So how much can these enterprises pay their top deck?
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After facing blowback from the shareholders, the Board of Eicher Motors on August 23 unanimously decided to reappoint Siddhartha Lal as Managing Director, with effect from May 1, 2021. As the Board awaits shareholders' approval, we get you a lowdown of what transpired
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Shareholders didn’t have a problem with Siddhartha Lal’s reappointment as Managing Director but didn’t approve of the salary hike
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In his book, ‘Indian Icon: A Cult Called Royal Enfield’, Amrit Raj traces the history of the motorcycle brand and how it developed a mass following in the past decade.
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Beginning with an economic slowdown, which was exacerbated by the Covid pandemic at the end, FY20 was a tough year for India’s auto sector. But that didn’t stop top executives at some 2-wheeler makers from riding away with pay hikes
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There could be a spurt of pre-buying in January-March before the switch over to BS-IV norms, said Siddhartha Lal of Eicher Motors. But, the new emission norm changes will add more costs to company's vehicles, he said.
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The company, a part of the Eicher Motors Group, insisted what it termed as "a proactive service update" has been undertaken after getting feedback from some of its customers.
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Following the sale, the promoter group will continue to hold 50.67 percent stake in the company. “The promoters intend to maintain a majority share in EML, and do not plan to sell any further shares in the fore-seeable future,†a company statement said.
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In an interview to CNBC-TV18, Siddhartha Lal, managing director and chief executive officer of the company said the manufacturing capacity of two-wheelers will increase to around 9 lakh units by 2018, but growth forecast is reduced from current 50-60 percent to more like 30-40 percent per year.
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The company, which is the two-wheeler arm of Eicher Motors, currently sells various popular models like Bullet, Classic, Thunderbird and Continental GT.
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Our second entrepreneur in 2000 at the age of 26 he took up the reigns of what was beginning to look like an almost defunct unit. Today he is credited with a turnaround and revival of the same motorcycle - the Royal Enfield. Take a look at Siddhartha Lal's story.
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"Currently, we are looking at Latin America and South East Asia regions for our growth in international markets. We are already in Colombia and now figuring out a way to enter Brazil, the biggest market in Latin America. So that's on the horizon," Royal Enfield CEO Siddhartha Lal told reporters in a conference call on Friday.
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The company, which is the two-wheeler arm of Eicher Motors, currently sells various popular models like Bullet, Classic, Thunderbird and Continental GT.
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While for Bajaj, the product will come with a new brand name, the first in nearly a decade adding to its flagship models Discover and Pulsar, for Royal Enfield, the new Himalayan motorcycle will be its first launch in 18 months.
