Premier Ltd's earnings have grown by 0%, whereas share price has declined -34.6% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.
Premier Ltd share price has declined -27% annually (CAGR) over the past ten years.
Data is not available for this company.
Premier is engaged in the manufacture of automobiles and machine tools. Incorporated in 1944, Premier was first Indian company to start making automobiles.
In the year 1947, the company collaborated with Chrysler Corporation, USA to manufacture Dodge cars at its Kurla plant and rolled out Indiaâ€™s first car. Later the company collaborated with Fiat
In the year 1947, the company collaborated with Chrysler Corporation, USA to manufacture Dodge cars at its Kurla plant and rolled out Indiaâ€™s first car. Later the company collaborated with Fiat SpA, Italy to commence assembly of Fiat 500 in India.
In 1954 Fiat 1100 came in into market becoming one of the most popular models produced. Gradually the company undertook highly specialised jobs.
Premier has manufactured widest range of commercial vehicles, which includes Premier Padmini -- one of the popular cars in India.
The company has many firsts to its credits such as in 1947 the company manufactured commercial vehicles under the brand Dodge and Fargo for use by the defence department of the Government of India; It was the first company to introduce diesel taxis in Mumbai; Premier introduced the concept of Cool Cabs (A/C taxis) in Mumbai city and first Indian passenger car company to set up a Press plant at its Dombivli plant, in western India.
The company has received the ISO 9001 certification for quality management.
Machine tools- Premier manufactures machine tools such as Special Purpose Machine, 3-axes and 6-axes CNC gear hobbing machine, horizontal machining centres, vertical machining centres and many more. The company markets the products under the brand name COOPER.
Vehicles- Under this, the auto major manufactures cargo carriers, ambulances, tippers and pick-up trucks. The company markets them under the name Sigma Express, Sigma Lifeline, Roadstar Tipper and Roadstar.
Engineering- Under, this the company provides total solutions in the production process staring from raw material to the finish goods inclusive of machiningâ€“line boring, honning, broaching, leak test, washing, etc.
1944- Premier was incorporated.
1946- The company was appointed by the Government of India to act as a distributor on lease and lend military Dodge trucks.
1947- The company collaborated with Chrysler Corporation, USA to manufacture Dodge cars at its Kurla plant and rolled out Indiaâ€™s first car.
1950-The company entered into an agreement with Fiat Company, Italy, for the assembly and progressive manufacture of Fiat cars in India.
1951- The company took approval from Chrysler Corporation to manufacture components, such as radiators, mufflers, etc required for Dodge cars.
1954- Premier manufactured and marketed Fiat 1100 cars.
1956- Premier indigenised the production of petrol engines required for Chrysler Group cars and petrol trucks
1962- The company signed an agreement signed with Hendri Meadows, England, for manufacture of Meadows Engines to be used in the automobiles.
1963- Premier acquired land at Dombivli for setting up a press plant for sheet metal components and a factory for a new car project.
1964- The company started manufacturing of trucks and supplied the vehicles to the defence department.
1969- The company started export of commercial vehicles.
1973-The company started marketing of the cars under the brand name 'Premier'.
1982- The auto major set up a new production plant at Dombivli.
1984- The company entered into a technical collaboration agreement with Nissan for A-12 Engine for NE car.
1985-Premier launched a new model -- 118 NE.
1987- The company acquired the machine tool division manufacturing CNC machine tools at Chinchwad.
1991-The company launched Premier diesel vehicles for taxies and private use.
1995- The company entered into technical agreement with Fiat, SpA, Italy, for manufacture of Uno cars at Kurla.
1996- The company manufactured Uno car at its Kurla Plant.
1997- The company formed a joint venture with Fiat SpA, Italy, to form Ind Auto. The name was later changed to Fiat India.
1998- The company underwent a through restructuring of its business with Fiat.
Prototype Varica Van was procured from China Motors Corporation, (CMC), an affiliate of Mitsubishi.
1999- The company signed an agreement with Automobile Peugeot for TUD5-Engine.
2000- The company entered into technical assistance agreement with China Motors Corporation for Van and Pickâ€“Up.
2001- The company's operations were moved to Pune.
2003- The company entered into contract with Tata Motors for painting van and pick-up bodies in their plant.
2009 - Premier launches compact SUV in India2011 - Premier Wins The Fie Foundation Award At IMTEX 2011Inauguration of Premierâ€™s Technology Centre, Bangalore
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