India’s 100 Richest
SIDDHARTHA LAL: REVVING UP
Son of motorcycle magnate Vikram Lal and CEO of Eicher Motors,
known for its retro Royal Enfield motorbikes, is on a tear, with his
company notching up 42% compound annual sales growth in the past
3 years. The $1.2 billion (revenue) company sold 666,493 bikes in the
fiscal year ended March 2017 and is revving up to sell more; it opened
its third factory in South India in August. Lal, who lives in London, is
said to be readying to launch a higher-range twin-cylinder bike. He’s
also closing in on superbike maker Ducati with a $1.8 billion bid. SANJEEV VERMA/HINDUSTAN TIMES VIA GETTY IMAGES