Vikram Lal & family
Overview
- Source of Wealth
- Motorcycles
- Industry
- Automotive
- Residence
- Delhi
- Marital Status
- Married
- Children
- 3
Assets
- Eicher Motors Ltd.134,564,000 shares @ --505200-IN
Biography
Two-wheeler tycoon Vikram Lal's Eicher Motors makes the iconic Royal Enfield motorbikes.
Eicher, which has four factories in India, sold 1 million bikes in the fiscal year ended March 2025, a 10% growth from the previous year.
His son Siddhartha stepped down as chief executive in 2019 but stayed on as managing director. In 2021, shareholders opposed his proposed salary hike.
Eicher has a joint venture with Sweden's Volvo to make trucks and buses.
Vikram's father Man Mohan Lal founded a tractor shop called Goodearth in 1948 and went on to partner with German firm Eicher to make tractors.
About
Royal Enfield is the oldest motorcycle in continuous production, since 1901, in the world.
His wife Anita founded Good Earth, a chain of luxury home and apparel stores, now run by their daughter Simran.