Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2025 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited
EICHERMOT · price
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Eicher Motors' unlisted subsidiary VECV reported total sales of 6,846 units in April 2025, up 27.3% from 5,377 units in April 2024. Domestic Eicher volumes grew 27.7% to 6,257 units, led by a strong 61.6% jump in light-medium duty (LMD) buses and 21.5% growth in small commercial vehicles. Heavy-duty (≥18.5T) trucks posted a modest 4.4% rise. Exports grew 29.2% to 460 units, with LMD exports more than doubling (+117.5%), though bus exports declined 36.1%. Volvo Trucks and Buses volumes rose 4.9% to 129 units. Overall, the subsidiary started the financial year on a strong note across most segments.
Positive for Eicher Motors shareholders as the strong double-digit volume growth across VECV indicates healthy demand in the commercial vehicle segment and a robust start to FY26, though investors should watch whether this momentum sustains in coming months.