ROOTED IN HERITAGE. DRIVEN BY INNOVATION.
After more than 25 years at Eicher Motors Limited (EML) in various
capacities, including as the Managing Director and CEO, I have now stepped into a new
role. I am delighted to take over as the Executive Chairman of EML, and am working closely
with the board, the team, our partners and extended stakeholders to chart out our course
over the next few decades.
On behalf of everyone at Eicher, I would like to extend our deepest
gratitude to Mr. Sandilya for his outstanding guidance and leadership for over 50 years.
From his early roles in the company to serving as Managing Director, Group CEO, and
ultimately as Chairman for 25 years, he has been instrumental in shaping Eicher Motors
into what it is today.
At EML, we have two solid businesses - Royal Enfield (RE) and VE
Commercial Vehicles Ltd (VECV) - which have both consistently grown and delivered strong
performances. Each with its unique strengths and identity, what we've built reflects
strong brands, robust balance sheets, operational discipline and enduring global appeal,
making them well-positioned for the future.
As we look ahead, my first focus has been on strengthening governance
at EML. We have kick-started that process by inducting new board members, enhancing roles
and reconstituting committees at the board level. Vinod Aggarwal has been appointed as
Vice Chairman (Non-Executive) of EML, while continuing to lead VECV as the Managing
Director and CEO. He will work with me in ensuring the highest level of corporate
governance at EML.
B. Govindarajan now takes on his enhanced role as Managing Director of
EML, while continuing his role as the CEO of Royal Enfield. This is a reflection of our
deep confidence in his leadership and ability to drive the company into its next phase of
growth.
We are also pleased to welcome Ira Gupta and Arun Vasu as Independent
Directors on the board of Eicher Motors Limited, each bringing a wealth of expertise and a
fresh perspective.
With these changes, we have reconstituted all our Board committees and
appointed an ESG council reporting to the Risk Committee. The ESG council, along with the
CSR committee, will spearhead the thinking on all sustainability and social impact for
EML, bringing board-level guidance and strategic alignment in these critical areas.
Together, these transitions represent a thoughtful evolution in our leadership and
governance designed to build a future-ready organisation that is balanced, resilient, and
deeply committed to charting out our unique journey and creating long-term value.
In this new role, my second area of focus is considering the longterm
future and potential of our two businesses. We believe that both VECV and RE have
significant growth potential in India and
At EML, we have two solid businesses - Royal Enfield (RE) and VE
Commercial Vehicles Ltd (VECV) - which have both consistently grown and delivered strong
performances. Each with its unique strengths and identity, what we've built reflects
strong brands, robust balance sheets, operational discipline and enduring global appeal,
making them well-positioned for the future.
Siddhartha Lal
Executive Chairman, Eicher Motors Limited