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Royal Enfield to become a separate entity detached from Eicher
This is a discussion on Royal Enfield to become a separate entity detached from Eicher within the News and Views from the Business World forums, part of the News and views category; Indian Commercial vehicle manufacturer Eicher Motors Ltd has said in a statement that they are planning to detach the legendary ...
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07-17-06, 12:46 AM
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| Gold Member Join Date: Jul 2006 Location: Chandigarh, India
Posts: 525
Rep Power: 4  |  Royal Enfield to become a separate entity detached from Eicher Indian Commercial vehicle manufacturer Eicher Motors Ltd has said in a statement that they are planning to detach the legendary Royal Enfield division to turn it into a separate identity. The company is also planning to rope in strategic and financial investors to further fuel the company’s growth in the Indian two-wheeler market. Eicher Group Chairman S Sandilya spoke about this decision: “Our board has given us the approval to transfer the motorcycle business into a new company and subject to shareholders approval Royal Enfield will become a 100 per cent subsidiary.” Royal Enfield Business would be established in the Delhi NCR region. Sandilya added: “We have not discussed about any potential partners or how much stake we will dilute in the new subsidiary. It will depend of the future requirements.” |
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