News: Eicher looking for partners for Royal Enfield biz
(PTI 07/09/2006) New Delhi - Eicher Motors on Thursday said it was scouting for partners for its subsidiary Royal Enfield, which was hived off in July.
"We are looking for both financial and technical partners for Royal Enfield but we have not worked out the details as yet," Eicher Motors Managing Director and CEO Siddharth Lal said on the sidelines of SIAM Annual convention.
He said the company was willing to dilute its stake in Royal Enfield but "we would like to retain the majority to run the company".
Earlier in July, the company's board had decided to hive off its Royal Enfield unit and the proposal got the requisite shareholders approval last month.
"We are looking for both financial and technical partners for Royal Enfield but we have not worked out the details as yet," Eicher Motors Managing Director and CEO Siddharth Lal said on the sidelines of SIAM Annual convention.
He said the company was willing to dilute its stake in Royal Enfield but "we would like to retain the majority to run the company".
Earlier in July, the company's board had decided to hive off its Royal Enfield unit and the proposal got the requisite shareholders approval last month.
posted by InCar Group Press Room at 12:24
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