Vikram Lal & family
$11.5B
Born
Mar 05, 1942
Age
83
Source of Wealth
Motorcycles
Residence
Delhi,
Citizenship
India
Marital Status
Married
Children
3
Education
- Two-wheeler tycoon Vikram Lal's Eicher Motors makes the iconic Royal Enfield motorbikes.
- Eicher, which has four factories in India, sold 1 million bikes in the fiscal year ended March 2025, a 10% growth from the previous year.
- His son Siddhartha stepped down as chief executive in 2019 but stayed on as managing director. In 2021, shareholders opposed his proposed salary hike.
- Eicher has a joint venture with Sweden's Volvo to make trucks and buses.
- Vikram's father Man Mohan Lal founded a tractor shop called Goodearth in 1948 and went on to partner with German firm Eicher to make tractors.
- Royal Enfield is the oldest motorcycle in continuous production, since 1901, in the world.
- His wife Anita founded Good Earth, a chain of luxury home and apparel stores, now run by their daughter Simran.
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