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Royal Enfield is owned by Eicher Motors, an Indian commerical vehicle manufacturer.
They merged with Eicher in 1994 and have been subsidiaries ever since.
auto.economictimes.indiatimes.com
They merged with Eicher in 1994 and have been subsidiaries ever since.

Meet Siddhartha Lal, the man who turned around Royal Enfield into Eicher Motors’ profit engine - ET Auto
"In my mind the basic question was this: do we want to be a mediocre player in 15 small businesses or just be good in one or two businesses," recalls ..