Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of December 2025 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited
EICHERMOT · price
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Awaiting price reaction for this filing.
Eicher Motors' unlisted subsidiary VECV reported strong December 2025 sales of 10,384 vehicles, up 24.7% from 8,324 units a year ago. Total Eicher trucks and buses grew 26.7% YoY to 10,177 units, with the year-to-date tally at 67,762 units, up 13.6%. Domestic small and medium commercial vehicles (<18.5T) led the charge with 44.4% YoY growth, while heavy-duty trucks rose 22.7%. Exports surged 32.7% for the month and 51.3% YTD, with heavy-duty exports more than doubling (up 112.5% MoM). The only weak spot was Volvo trucks and buses, which fell 28.4% to 207 units for the month, though YTD volumes are roughly flat.
This is a positive monthly update signalling robust demand recovery in Eicher Motors' commercial vehicle business, especially in small trucks and exports. Shareholders can take comfort from the broad-based growth, though the Volvo segment's monthly dip is worth monitoring.