Siddhartha Lal

Last updated

Siddhartha Lal
Siddhartha Lal, Managing Director and Chief Executive Officer, Eicher Motors, India, at the World Economic Forum on India 2012.jpg
Lal in 2012
BornOctober 1973 (age 50)
NationalityIndian
Education The Doon School
St. Stephen's College, Delhi
Cranfield University
University of Leeds (MSc) [1]
OccupationBusinessman
Years active1999–
Known forRevival of Royal Enfield [2]
TitleCEO & MD, Eicher Motors
Chairman & MD, VE Commercial Vehicles Limited [1] [3]
SpouseNatasha Lal [4] [5]
Parent
Website Siddhartha Lal

Siddhartha Vikram Lal (born October 1973) is an Indian businessman. He is the son of Vikram Lal, and a former chief executive officer (CEO) and the current managing director (MD) of Eicher Motors, a director of Eicher Goodearth Limited and chairman and MD of VE Commercial Vehicles. [1] Lal is credited with the turnaround and revival of Royal Enfield. [2] [6]

Contents

Early life and education

Siddhartha Vikram Lal is the son of Vikram Lal, who was the chief executive officer of Eicher Motors. [7] Like his father, Siddhartha attended The Doon School for his secondary education. After completing twelfth grade, Lal attended the St. Stephen's College of University of Delhi for a bachelor's degree in economics in the 1994. Between 1996 and 1998, he attained a postgraduate diploma in mechanical engineering from Cranfield University, and a master's degree in automotive engineering from the University of Leeds in England. [1] [8] He has a sister, Simran Lal. [9]

Career

Lal, after completing his education started working with MAN Nutzfahrzeuge AG. He joined Eicher Group in 1999, working in various capacities in the Eicher tractor division, and then became CEO of Royal Enfield in 2000 (at the age of 26) aiming to end the unit's losses. From 2000 to 2004, he worked out of Royal Enfield's headquarters in Chennai, introducing cost-cutting measures and product upgrades. [10] [11] "Honestly, at age 26, it seemed a fun thing to do. I could eat, sleep, ride and talk motorcycles," Lal said in a 2015 interview. [12]

In Jan 2004, Lal was appointed as the chief operating officer (COO) of Eicher Motors. [12] In May 2006, Lal took over as the CEO and MD of Eicher Motors. [1] [8]

Positions held

PositionCompany
MDEicher Motors
DirectorEicher Goodearth Limited
ChairmanVE Commercial Vehicles
DirectorEicher Goodearth Holdings

Personal life

Siddhartha Lal relocated from Delhi [13] to London, [11] in August 2015, in order to be close to Royal Enfield's new R&D centre in Leicestershire. [14] "We are in the process of developing engines for the international markets and lots of developmental work is happening in the UK. It is for that I have decided to move to the UK for one year," he said. [15] [16]

Related Research Articles

<span class="mw-page-title-main">Sunil Mittal</span> Indian businessperson

Sunil Bharti Mittal is an Indian billionaire businessman and philanthropist. He is the founder and chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, Agri and food besides other ventures. Bharti Airtel, the group's flagship company is one of the world's largest and India's largest telecom company with operations in 18 countries across Asia and Africa with a customer base of over 399 million. Bharti Airtel clocked revenues of over US$18 billion in FY2023. In 2023 he was ranked the 10th richest person in India by Forbes, with an estimated net worth of US$14.8 billion.

<span class="mw-page-title-main">Sun TV (India)</span> Indian television channel

Sun TV is an Indian Tamil-language general entertainment pay television channel owned by Sun TV Network. It was launched on 14 April 1993. It is the flagship channel of the Chennai-based media conglomerate Sun Group's Sun TV Network. It was founded and is owned by Kalanithi Maran.

Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles.

<span class="mw-page-title-main">Sriperumbudur</span> Town panchayat in Tamil Nadu, India

Sriperumbudur, also known as Thiruperumbudur, is a town panchayat and the headquarters of Sriperumbudur taluk located in Kanchipuram district of the Indian state of Tamil Nadu. Located 40 kilometers southwest of the capital city of Chennai on the National Highway 4, it falls under the Chennai Metropolitan Area. Since 2000, Sriperumbudur has seen rapid industrialisation. It is known for being the birthplace of Sri Ramanuja, one of the most prominent Hindu Vaishnava saints. The former Indian Prime Minister Rajiv Gandhi was assassinated here in 1991.

The automotive industry in India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry.

<span class="mw-page-title-main">Kalanithi Maran</span> Indian media proprietor

Kalanithi Maran is an Indian media proprietor who is the chairman and founder of the Sun Group. He owns television channels, newspapers, weeklies, FM radio stations, DTH services, 2 cricket teams in the Indian Premier League (IPL) and Sunrisers Eastern Cape in South Africa T20 League (SA20), along with a movie production house, Sun Pictures. He also held a major share in the Indian airline Spice Jet from 2010 to 2015.

<span class="mw-page-title-main">Shobhana Bhartia</span> Indian businesswoman

Shobhana Bhartia is an Indian businesswoman. She is the chairperson and editorial director of the HT Media, one of India's largest newspapers and media houses, which she inherited from her father. She has also recently taken charge as the Chancellor BITS School of Management and Pro-Chancellor of BITS-Pilani which was founded by her grandfather G. D. Birla and is the current chairperson of Endeavor India.

Royal Enfield is an Indian multinational motorcycle manufacturing company, headquartered in Chennai. The Royal Enfield brand, including its original English heritage, is the oldest global motorcycle brand in continuous production. The company operates manufacturing plants in Chennai in India.

<span class="mw-page-title-main">Royal Enfield Bullet</span> Motorcycle

The Royal Enfield Bullet was an overhead valve, single-cylinder, four-stroke motorcycle initially made by Royal Enfield in Redditch, Worcestershire England. It was later produced by Royal Enfield (India) at Chennai, Tamil Nadu, India, a company originally founded by Madras Motors to build Royal Enfield motorcycles under licence in India. The Royal Enfield Bullet has the longest and unchanged production run of any motorcycle having remained continuously in production since 1948. The Bullet marque is even older and has passed 75 years of continuous production. The Royal Enfield and Bullet names were derived from the British company which had been a subcontractor to the Royal Small Arms Factory in Enfield, London.

<span class="mw-page-title-main">Royal Enfield Interceptor</span> Type of motorcycle

The Interceptor is a British motorcycle made by Royal Enfield between 1960 and 1970. The 700 Interceptor introduced in 1960 was a modified version of the company's 692 cc (42.2 cu in) Constellation model. In 1962, the company introduced the 750 Interceptor which evolved constantly until the end of production in 1970. In 2018, the Interceptor model was reintroduced as a 648 cc (39.5 cu in) parallel twin.

Gautam Thapar is an Indian businessman who is the chairman of Avantha Group and is part of the Thapar family.

<span class="mw-page-title-main">Sun Group</span> Indian media conglomerate

Sun Group is an Indian media conglomerate, based in Chennai. It was founded by Kalanithi Maran in 1992. Sun Group, besides television media, has 48 FM radio stations, two daily newspapers, five magazines, a DTH satellite service and T20 cricket franchises.

Jaiprakash Gaur is an Indian entrepreneur. He founded and, until his retirement in 2010, was the chairman of Jaypee Group, a conglomerate with a heavy emphasis on engineering and construction, cement, and hydropower production. In 2012 he was ranked by Forbes magazine as the 70th-richest person in India, with an estimated net worth of US$855 million. Gaur has been associated with the construction industry for more than five decades.

Vikram Lal is an Indian billionaire businessman, the founder and former CEO of Eicher Motors, an Indian commercial vehicle manufacturer based in New Delhi, India. He has been a member of the board of directors of The Doon School.

<span class="mw-page-title-main">Mangal Lodha</span> Indian businessman, politician (born 1955)

Mangal Prabhat Lodha is an Indian billionaire businessman and politician. He is the minister of the Ministry of Tourism and of the Ministry of Skill Development and Entrepreneurship (Maharashtra). He was the president of Bharatiya Janata Party's Mumbai unit. He is the founder of the Macrotech Developers, a Mumbai-based real estate developer. He is also the Member of the Legislative Assembly representing the Malabar Hill constituency of South Mumbai. According to Forbes, as of October 2023, he is ranked as the 18th richest person in India, with a net worth of about US$7.2 Billion.

<span class="mw-page-title-main">Royal Enfield Himalayan</span> Dual-purpose motorcycle

The Royal Enfield Himalayan is an adventure touring motorcycle manufactured by Royal Enfield. It was revealed in February 2015 and launched in early 2016. Pierre Terblanche led the design team during Himalayan's development.

<span class="mw-page-title-main">Rudratej Singh</span> Indian business executive (1973–2020)

Rudratej Singh was an Indian business executive. He was the president and CEO of BMW India. Singh was also global president of Royal Enfield Motors Limited and vice president of Unilever in Singapore.

Ravi Jaipuria is an Indian Billionaire business magnate and chairman of RJ Corp. Under RJ Corp, he manages Varun Beverages which is the second-largest bottling partner for PepsiCo's soft drink brands outside the US and Devyani International, which is India's largest franchisee of Yum! Brands and operates KFC, Pizza Hut, Costa Coffee and TWG Tea outlets. He is referred to as India's cola king.

References

  1. 1 2 3 4 5 "Siddhartha Lal PGDME, MSc (Automotive Engg.)". Bloomberg Businessweek . Archived from the original on 8 December 2015. Retrieved 27 November 2015.
  2. 1 2 "The man who turned around Royal Enfield". The Economic Times. Archived from the original on 8 March 2016. Retrieved 24 September 2015.
  3. ↑ "Siddhartha Lal, Eicher Motors Ltd". Bloomberg Business. Bloomberg L.P. Archived from the original on 8 December 2015. Retrieved 27 November 2015.
  4. ↑ Ramani, Priya (10 September 2010). "Siddhartha Lal | The Bulletproof man". Livemint. Mint. Archived from the original on 14 November 2015. Retrieved 29 November 2015.
  5. ↑ Sood, Varun; Chopra, Ritika; Thakkar, Ketan (21 April 2014). "AAP's leftist leanings fail to dissuade India Inc; donations pour in for Arvind Kejriwal". The Economic Times . Archived from the original on 8 December 2015. Retrieved 29 November 2015. AAP's last biggest donation came from Natasha Lal, wife of Eicher Group head Siddhartha Lal, who gave Rs 50 lakh last week.
  6. ↑ "The Bulletproof man". liveMint. Archived from the original on 25 September 2015. Retrieved 24 September 2015.
  7. ↑ Blankfeld, Keren; Chung, Grace; Doebele, Justin; Flannery, Russell; Jetley, Neerja Pawha; Karmali, Naazneen (7 October 2015). "Lal family". Forbes Asia . Archived from the original on 8 December 2015. Retrieved 27 November 2015. Lal family on Forbes Lists #40 Asia's Richest Families (2015)
  8. 1 2 "Lal, Siddhartha". Reuters India. Thomson Reuters. Archived from the original on 8 December 2015. Retrieved 30 November 2015.
  9. ↑ Hussain, Shabana (21 October 2014). "The homemakers: Leading home décor brand Good Earth is a labour of love". Forbes India . Archived from the original on 8 December 2015. Retrieved 30 November 2015.
  10. ↑ Sinha, Vivek (28 September 2002). "Enfield strikes at Lightning, to fly Thunderbird". The Economic Times . Times News Network. Archived from the original on 18 October 2015. Retrieved 30 October 2015. Manufacturing at the Jaipur plant, which has a capacity to produce 13,000 mobikes, is under suspension and according to the plan it is expected to resume operations as soon as the Chennai plant achieves full capacity utilisation.
  11. 1 2 Madhavan, N. (16 October 2015). "Siddhartha Lal: The braveheart". Forbes India . Archived from the original on 8 December 2015. Retrieved 28 November 2015. He has unleashed a burst of activity in London to leverage its British heritage and design products (Royal Enfield has a development centre there) that appeal to the global audience.
  12. 1 2 Karmali, Naazneen (July 2015). "India's Vintage Motorcycle Royal Enfield Is On Full Throttle". Forbes Asia. Archived from the original on 3 October 2015. Retrieved 27 November 2015. In 2004 he took charge of running the group, which was then a collective of several businesses. He sold all but two, including the legacy tractor unit, to focus on motorcycles and trucks.
  13. ↑ Das, Biprorshee (7 May 2015). "Royal Enfield customers have a different take on life, says CEO Siddhartha Lal". The Economic Times . Archived from the original on 10 May 2015. Retrieved 28 November 2015.
  14. ↑ Philip, Lijee (24 September 2015). "Royal Enfield's Siddhartha Lal seeks to replicate India's success in overseas markets". ET Auto. The Economic Times. Archived from the original on 9 November 2015. Retrieved 28 November 2015. The shift was surprising because Eicher, which owns the famous motorbike maker Royal Enfield, has a manufacturing base in Chennai and headquarters in Gurgaon.
  15. ↑ "Why Eicher Motors Siddhartha Lal Is Moving to UK". NDTV Profit . Press Trust of India. 22 July 2015. Archived from the original on 27 November 2015. Retrieved 28 November 2015.
  16. ↑ "Royal Enfield's Siddhartha Lal will move to UK to strengthen bike business". Daily News and Analysis . Press Trust of India. 22 July 2015. Archived from the original on 9 December 2015. Retrieved 28 November 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.