Eicher Motors shares were up nearly 3% on Monday, December 1, with the stock trading around Rs 7,232, after the company reported a strong sales update for its unlisted subsidiary VE Commercial Vehicles (VECV) for November 2025. According to the regulatory disclosure, VECV posted a 38.6% year-on-year increase in total volumes, reaching 7,425 units for the month.
Domestic sales rise 35.6%
The company’s domestic portfolio delivered 6,720 units, marking a 35.6% YoY growth. Segment-wise performance stood as follows:
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SCV/LMD Trucks (<18.5T): 4,057 units, up 50.2%
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Heavy-Duty Trucks (≥18.5T): 1,805 units, up 41.1%
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LMD Bus: 808 units, down 4.3%
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HD Bus: 50 units, down 62.4%
Strong export momentum
Exports surged sharply to 705 units, growing 75.4% YoY. The detailed export breakup is:
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LMD: 407 units, up 38.9%
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HD: 97 units, up 781.8%
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Bus: 201 units, up 105.1%
Volvo Trucks & Buses
The Volvo-branded commercial vehicle range under the VECV joint venture contributed 227 units during the month.
Shares of Eicher Motors reacted positively to the update, trading 2.53% higher at Rs 7,232 during Friday’s session, compared with the previous close of Rs 7,053.50.
