New Delhi: Eicher Motors Restricted, the maker of standard Royal Enfield bikes, has integrated an entirely owned subsidiary within the Netherlands to boost the non-motorcycle provide chain for all of Europe. .
As per the corporate’s inventory trade submitting dated March 22, 2024, the subsidiary was integrated on March 21, 2024 and is known as ‘‘Royal Enfield Europe B.V.’.
“This isn’t a associated occasion transaction. 100% fairness share capital of Royal Enfield Europe B.V. is subscribed by Eicher Motors Restricted,” the corporate mentioned.
The corporate added that it has subscribed to your entire fairness share capital of ‘Royal Enfield Europe B.V.’ of EUR 5,00,000 constituted of 5,00,000 shares of EURO 1 every by means of money consideration. Eicher Motors Restricted will infuse the share capital sooner or later. The corporate additional said that the enterprise operations are but to start.
As per the corporate, Royal Enfield Europe B.V. was integrated to boost the non-motorcycle provide chain for all of Europe, increase faster and simpler availability of non-motorcycle merchandise (resembling components, spares, attire and real bike equipment), and to maneuver nearer to the corporate’s channel companions and customers. These enterprise actions are associated to the primary line of enterprise of Eicher Motors Restricted.
Eicher Motors Restricted is the flagship firm of the Eicher Group in India, which incorporates Royal Enfield and Volvo Eicher Industrial Automobiles (VECV), a three way partnership between Volvo Group and Eicher India.
