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Tag: Eicher Motors

  • Eicher Motors’ electric vehicle chief heads for the exit

    Eicher Motors’ electric vehicle chief heads for the exit

    NEW DELHI: Mario Alvisi is revving off into the sunset. The chief growth officer for electric vehicles at Eicher Motors has tendered his resignation, effective from the close of business on 31 December 2025. His departure marks the end of a standalone EV push at the Indian automotive firm.

    The company, better known for its Royal Enfield motorcycles, says it is strategically integrating its electric vehicle brand and commercial teams with its core operations. Translation: the EV experiment is being absorbed into the main business. Eicher reckons this will harness the company’s “full strength, scale and expertise” to execute its electrification strategy with speed and precision.

    The regulatory filing to India’s stock exchanges was notably thin on gratitude or future plans for Alvisi and was dated 13 October.  It focused squarely on the reorganisation—a signal that Eicher is betting its EV future on integration rather than isolation.

    Whether folding the cards or going all in remains to be seen. But for Alvisi, the road ahead lies elsewhere.

  • Eicher Motors reappoints Siddhartha Lal as MD

    Eicher Motors reappoints Siddhartha Lal as MD

    Mumbai: The board of Eicher Motors Ltd (EML) on Monday decided to re-appoint Siddhartha Lal as managing director, with effect from 1 May.

    Earlier on 17 August, the shareholders, at the company’s 39th Annual General Meeting (AGM) had rejected the proposal for the re-appointment of Lal as MD. The shareholders had also rejected the payment of remuneration to Lal.
    “The matter pertaining to the appointment of Siddhartha Lal as managing director and the remuneration proposal was discussed comprehensively, and the board unanimously decided to reappoint Siddhartha Lal as Managing Director, with effect from May 1, 2021,” the company said in a regulatory filing. 

    Speaking about the outcome of the AGM and specifically about the remuneration issue, EML chairman, S Sandilya said, “The Nomination and Remuneration Committee (NRC) of the company has considered all the factors, including inputs from various stakeholders including institutional investors before recommending remuneration for key managerial persons. The primary concern with investors was not Siddhartha’s reappointment as managing director or the proposed compensation; it was the lack of clarity regarding the enabling provision that potentially allowed payment of remuneration upto 3 per cent of profits.”

    “Over the last four years, we have had the same limit of 3 per cent, but in reality have paid only a fraction of that amount. The actual remuneration during FY2021 was at 1.04 per cent of profits, with the preceding years being at a lower percentage,” Sandilya added.

    Given the background of actual remuneration paid to the managing director in preceding years, the board has now approved a revised remuneration structure for the managing director, with a maximum cap of 1.5 per cent of profits as per Section 198 of the Companies Act, the company further stated.  

  • Royal Enfield CEO Vinod Dasari moves on, B Govindarajan new ED

    Royal Enfield CEO Vinod Dasari moves on, B Govindarajan new ED

    Mumbai: Eicher Motors has announced that Royal Enfield chief executive officer Vinod K Dasari has stepped down from the company. Dasari has also resigned as executive director of the board of Eicher Motors. The resignation will come into effect from 13 August. Dasari will be succeeded by B Govindarajan, who has been the chief operating officer of Royal Enfield since 2013.

    Dasari’s decision to move on is to dedicate time and energy to pursue his passion and ambition in affordable healthcare. He recently set up and inaugurated a not-for-profit hospital in Chennai. “It has been a very memorable ride over the last two years and more at Royal Enfield. I have decided to move on, so I can dedicatedly follow a personal passion that has been close to me for many years now,” said Dasari.

    Prior to joining Royal Enfield in April 2019, Dasari was the CEO and managing director of Ashok Leyland, a position he held since 2011. He had joined Ashok Leyland as CEO in 2005.

    “Vinod has made significant contributions to the organisation,” said Eicher Motors MD, Siddhartha Lal. “Right from his unwavering focus on customer-facing digital properties, to driving network expansion, to building several new services and solutions-oriented initiatives, he has helped the company take giant steps forward. He also very ably led the company through tough and unprecedented times over the last year and a half.”

    B Govindarajan, who has spent more than 23 years across Royal Enfield and Eicher Motors, will be inducted as a whole time director on the board of Eicher Motors and will take charge as executive director of Royal Enfield from 18 August, the company said.

    “Govind brings on board an astute understanding of the industry, with strong technical know-how, combined with a sharp strategic outlook and operational excellence,” Siddhartha Lal stated. “He has led several turnkey projects for Royal Enfield and has been instrumental in growing and expanding our manufacturing facilities, in bringing a paradigm shift in our product quality, delivery and development process, and in setting up our two state-of-the-art technology centres in India and the UK.”

  • DB appoints Pradeep Dwivedi as chief sales and marketing officer

    MUMBAI: Dainik Bhaskar has appointed Pradeep Dwivedi as chief corporate sale and marketing officer.

    Based in Mumbai, Dwivedi will report to Dainik Bhaskar Group MD Sudhir Agarwal.

    The post was vacant after Hemant Arora quit in September 2011 to head sales at Times Television Network.

    At Dainik Bhaskar Group, Dwivedi‘s role will be to develop media industry leadership for Dainik Bhaskar group by leading pan India corporate sales and marketing groups and driving growth and business transformation.

    He is responsible for business revenues, trade marketing and establishing the premium brand in the national market by developing and managing clients‘ relationships, media and advertising agencies.

    Prior to joining Dainik Bhaskar Group, Dwivedi was regional COO and SVP – enterprise business at Tata Teleservices. He had joined Tata Teleservices as General Manager – Customer Care in 2004. He had also worked with American Express Bank, Standard Chartered Bank and Eicher Motors.