Eicher Motors subsidiary VE Commercial Vehicles receives demand order of ₹96.18 Cr.
Eicher Motors Limited has provided an update regarding a matter concerning its material subsidiary, VE Commercial Vehicles Limited (VECV). VECV received a demand order on December 29, 2025, from the C...
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Why is Eicher Motors Limited in the news today?
Eicher Motors Limited (EICHERMOT) is in the news due to the company received a demand order, which is a negative event. however, the order amount is lower than the initial show cause notice, and the company believes it lacks merit and plans to appeal, indicating a neutral stance as the final outcome is uncertain.
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Eicher Motors subsidiary VE Commercial Vehicles receives demand order of ₹96.18 Cr.
December 30, 2025, 07:26 AM
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More Details on This News
Eicher Motors Limited has provided an update regarding a matter concerning its material subsidiary, VE Commercial Vehicles Limited (VECV). VECV received a demand order on December 29, 2025, from the Commissioner, CGST & Central Excise, Ujjain Commissionerate.
This order pertains to a show cause notice (SCN) initially issued on July 10, 2025. The SCN alleged contraventions of the CGST Act, 2017, related to the Financial Year 2017-18, involving a GST amount of ₹168.19 Crores and an equivalent penalty. VECV responded to the SCN, and following adjudication, the demand order confirmed a demand of ₹96.18 Crores (reduced from the initial ₹168.19 Crores) along with an equivalent penalty and applicable interest. This was for a delay in reporting credit notes for FY 2017-18.
VE Commercial Vehicles Limited believes the order lacks merit and intends to file an appeal within the stipulated timelines. The company stated that this demand order has no impact on its financial, operational, or other activities.
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