Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of March 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited
EICHERMOT · price
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Eicher Motors has shared March 2026 sales volume data for its unlisted subsidiary VE Commercial Vehicles Limited (VECV). Total VECV sales for March 2026 were 13,311 units, up 10.1% year-on-year, with full-year 2025-26 sales at 103,495 units, up 14.8% YoY. The domestic Eicher truck business showed strong growth, with SCV/LMD trucks rising 28.6% and HD trucks up 17.7% for the month. However, exports declined sharply by 38.8% in March, though YTD exports rose 35.6%. The HD bus segment showed significant weakness, down 69.4% monthly and 29.1% YTD.
The overall volume growth is positive, driven by robust domestic demand in the truck segment, which bodes well for Eicher Motors' earnings from its subsidiary. However, declining exports and weak HD bus demand may be areas of concern for investors.