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Eicher Motors Acquires BMC’s Dewas Gear Unit

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April 13, 2006—Eicheer Engineering Components, the automotive component division of Eicher Motors Ltd. acquired Dewas-based (Madhya Pradesh) transmission gear unit of the British Motor Car Co. Ltd.

Siddhartha Lal, MD and CEO of Eicher Motors, says "Our engineering components business has a portfolio of products ranging from differential and transmission gears to gear boxes."

Eicher Motors Ltd. entered into a business purchase agreement with BMC on October 20, 2006 and formally completed the transaction Nov. 1.