Eicher Motors Ltd on Tuesday said its subsidiary VE Commercial Vehicles Ltd has received a GST demand of Rs 192.36 crore, along with a penalty, in a matter related to delay in reporting credit notes for the financial year 2017-18 . In July this year VE Commercial Vehicles Ltd (VECV) received Show Cause Notice (SCN) from the Commissioner, CGST & Central Excise, Ujjain Commissionerate, Madhya Pradesh alleging contraventions of the provisions of CGST Act, 2017 pertaining to FY 2017-18 and involving GST amount of Rs 168.19 crore and equivalent amount of penalty, Eicher Motors said in a regulatory filing. After VECV had submitted a response to the SCN, the company received a demand order on December 29, 2025 confirming demand of Rs 96.18 crore in the matter as against Rs 168.19 crore mentioned earlier under the SCN and equivalent amount of penalty and applicable interest, it added. "Based on the assessment of this matter and advice of the counsel, VE Commercial Vehicles Ltd believes ..
Thus far in the calendar year 2025, the BSE Auto index has rallied 18 per cent, as against 8 per cent rise in the BSE Sensex.
The BSE Auto index, up 18% thus far in the calendar year 2025, is set to outperform the BSE Sensex for the fourth straight calendar year.
Eicher Motors stands well-positioned to sustain its growth momentum, backed by a strong brand, disciplined cost control, and prudent capital allocation, believe analysts at ICICI Securities.
The recent slide, following Friday's RBI-driven rally, has weakened the short-term sentiment, and we now view 25,650 as the next critical support
Analysts remain upbeat on Eicher Motors owing to domestic demand aided by government-led consumption measures, such as income tax relief/ GST rate cuts; a rural demand uptick, and new model launches.
Strong order books keep automakers driving past slowdown fears
Tata Motors will likely maintain its dominant share of India's CV market, with support from India's economic growth, and favorable infrastructure and construction spending.
Thus far in the month of November, the Nifty Auto index has outperformed the market by gaining 3.3 per cent, as against 1.5 per cent rise in the Nifty 50.
Eicher Motors stands well-positioned to sustain its growth momentum, backed by a strong brand, disciplined cost control, and prudent capital allocation.
A smarter load mix and tightened cost base give it a cleaner, more controlled run than its biggest rival
JM Financial noted that Eicher posted a consolidated operating margin of 24.5 per cent in Q2FY26, about 50 basis points (bps) below its estimate.
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