Siddhartha Lal

Siddhartha Vikram Lal (born October 1973) is an Indian businessman. The son of businessman Vikram Lal, Siddhartha Lal is the executive chairman of Eicher Motors, a director of Eicher Goodearth and chairman and MD (Managing Director) of VE Commercial Vehicles.

He received the EY Entrepreneur of the Year Award for the year 2018.

Early life and education Siddhartha Vikram Lal is the son of Vikram Lal, who was the founder and chief executive officer of Eicher Motors. He has a sister, Simran Lal. Like his father, Siddhartha attended The Doon School for his secondary education. After completing his secondary education in 1994, Lal attended St. Stephen's College of the University of Delhi for a bachelor's degree in economics.

Career Lal, after completing his education, started working with MAN Nutzfahrzeuge AG. Before he joined Eicher Motors, his father, Vikram, sent him to Europe to interact with Royal Enfield motorcycle importers in the continent. Initially, Lal's responsibility as CEO of Royal Enfield, which was on the verge of being sold due to the company's problems, was to fix the unit's products, financial and operational issues. From 2000 to 2004, he worked out of Royal Enfield's headquarters in Chennai, introducing cost-cutting measures and product upgrades. In 2005, he sold 13 of the 15 businesses of Eicher Motors and decided to allocate resources to Royal Enfield and the trucks business. Lal's reason for forming a joint venture with Volvo was to become one of the largest competitors in India's truck market. Later, Lal also secured a concession from Volvo, allowing Eicher Motors to use some of the engines that VECV was manufacturing for Volvo in Eicher Motors' heavy-duty vehicles in India.

In August 2021, during the annual general meeting of Eicher Motors, shareholders of the company rejected Lal's reappointment as MD due to disagreements about an increase in his remuneration. In September 2021, Eicher Motors once again approached shareholders to reappoint Lal as MD and with a revised remuneration plan. In October 2021, the company's shareholders approved Lal’s reappointment as MD and his remuneration package for the next 5 years. In February 2025, Lal was appointed as the Executive Chairman of Eicher Motors.

Positions held Position CompanyExecutive ChairmanEicher Motors MD Eicher Motors Director Eicher Goodearth Limited Chairman VE Commercial Vehicles Director Eicher Goodearth Holdings

Personal life Siddhartha Lal relocated from Delhi to London, in August 2015, in order to be close to Royal Enfield's new R&D centre in Leicestershire. "We are in the process of developing engines for the international markets and lots of developmental work is happening in the UK. It is for that I have decided to move to the UK for one year," he said.