The MD and CEO of Eicher Motors Siddhartha Lal has been Named the EY Entrepreneur of The Year. A third-generation entrepreneur, Siddhartha Lal is credited with the revival of the iconic motorcycle brand, "Royal Enfield". Lal has now turned his focus to make Royal Enfield a truly global brand.
"Every business goes through a few ups and downs, there is nothing untowardly or anything of that sort, so we take it in our stride. The auto sector is a little bit subdued now but it has had so much growth for so many years that I am not complaining," Lal told CNBC-TV18.
"The liquidity crunch promises to continue for a bit longer, commercial vehicle has gone through a huge upcycle which is sort of just slowing down a bit, the first half was still really good, the third quarter was just a bit more subdued and that is going into January, February and March as well, so it is again a cycle, we are on the slight down part of the cycle but I am not worried beyond a point," he said.