Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of June 2025 of VE Commercial Vehicles, an unlisted material subsidiary of Eicher Motors Limited
EICHERMOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eicher Motors' unlisted subsidiary VE Commercial Vehicles (VECV) reported June 2025 total sales of 7,363 units (incl. EVs), down 0.8% from 7,424 units in June 2024. Total Eicher Trucks and Buses stood at 7,198 units, a 1.6% YoY decline. Domestic volumes fell 2.5% YoY to 6,722 units, dragged by a sharp 13.5% drop in LMD Bus sales. However, HD Bus domestic sales jumped 37.4% YoY. Exports grew 13.1% YoY to 476 units, with LMD exports up 16.8% and bus exports up 72.1%. Volvo Trucks & Buses sales rose 50% YoY to 165 units. On a year-to-date (FY26) basis, total VECV volumes are up 9.7% at 21,610 units versus 19,702 units last year, indicating a broadly positive trend despite the June softness.
June 2025 showed a slight YoY dip in overall VECV volumes, particularly in domestic trucks and buses, which may raise near-term concerns. However, strong YTD growth of ~10%, healthy export momentum, and a 50% surge in Volvo Trucks sales suggest underlying demand remains firm, likely a neutral-to-slightly-positive signal for the stock.