New Delhi: Siddhartha Lal, managing director and chief executive of Eicher Motors Ltd, was named the EY Entrepreneur of the Year 2018, for engineering the operational and financial turnaround of the company and reviving the Royal Enfield brand, while Wipro Ltd chairman Azim Premji was honoured with the Lifetime Achievement award.
“Siddhartha Lal has led an impressive transformation at Eicher Motors since he took over the reins in 2006, helping the company resurrect the Royal Enfield motorcycle brand in India and establishing it as a global brand icon," said EY.
Eicher Motors is the market leader in the middleweight premium motorcycle segment in India.
Premji was awarded for putting the Indian IT industry on the global map and contributing to society as a philanthropist.
“In the 20-year journey of the Entrepreneur Of The Year Program in India, we have seen Indian entrepreneurs make an invaluable contribution to propelling our country forward. The winners of this year are no different. They come from both traditional and new-age businesses, but what is common to them is how they have transformed companies or their industries, or even created new markets where none existed," said Rajiv Memani, chairman and regional managing partner of EY India.