Eicher Motors Subsidiary Receives Demand Order of ₹96.18 Crore
Eicher Motors Limited has provided an update regarding a demand order received by its material subsidiary, VE Commercial Vehicles Limited (VECV). On December 29, 2025, VECV received a demand order fro...
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Why is Eicher Motors Limited in the news today?
Eicher Motors Limited (EICHERMOT) is in the news due to the announcement reports a demand order, which is typically negative. however, the amount is significantly lower than initially proposed, and the company plans to appeal, believing the order has no merit. the company also explicitly states no financial or operational impact.
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Eicher Motors Subsidiary Receives Demand Order of ₹96.18 Crore
December 30, 2025, 07:14 AM
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Eicher Motors Limited has provided an update regarding a demand order received by its material subsidiary, VE Commercial Vehicles Limited (VECV). On December 29, 2025, VECV received a demand order from the Commissioner, CGST & Central Excise, Ujjain Commissionerate, Madhya Pradesh.
This order pertains to a show cause notice (SCN) initially issued on July 10, 2025, concerning alleged contraventions of the CGST Act, 2017, for the Financial Year 2017-18. The SCN involved a GST amount of ₹168.19 Crores and an equivalent penalty. VECV had submitted its response to the SCN.
Following adjudication, the demand order confirmed a demand of ₹96.18 Crores (reduced from ₹168.19 Crores) along with an equivalent amount for penalty and applicable interest. The alleged contravention relates to the delay in reporting credit notes for FY 2017-18.
VECV believes the order lacks merit and plans to file an appeal. The company stated that this demand order has no impact on its financial, operational, or other activities.
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