Integrated Filing — IndAS



General information about company

Scrip Code 505200
NSE Symbol EICHERMOT
MSEI Symbol NOTLISTED
ISIN INE066A01021
Name of company Eicher Motors Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Automobile products and related components
Start date and time of board meeting 13-11-2025   10:00:00
End date and time of board meeting 13-11-2025   14:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 10-02-2025
Indicate Company website link for updated RPT policy of the Company https://www.eicher.in/content/dam/eicher-motors/investor/corporate-governance/codes-and-policies/Policy%20on%20Materiality%20of%20and%20Dealing%20with%20Related%20PartyTransactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 5,90,207.00 10,81,048.00
Other income 33,999.00 99,885.00
Total income 6,24,206.00 11,80,933.00
2 Expenses
(a) Cost of materials consumed 3,37,243.00 6,10,040.00
(b) Purchases of stock-in-trade 7,467.00 14,286.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (10,667.00) (17,727.00)
(d) Employee benefit expense 38,632.00 73,055.00
(e) Finance costs 691.00 1,357.00
(f) Depreciation, depletion and amortisation expense 18,765.00 37,372.00
(f) Other Expenses
1 Other Expenses 70,662.00 1,31,398.00
Total other expenses 70,662.00 1,31,398.00
Total expenses 4,62,793.00 8,49,781.00
3 Total profit before exceptional items and tax 1,61,413.00 3,31,152.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,61,413.00 3,31,152.00
6 Tax expense
7 Current tax 38,417.00 69,849.00
8 Deferred tax 2,195.00 9,853.00
9 Total tax expenses 40,612.00 79,702.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,20,801.00 2,51,450.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 1,20,801.00 2,51,450.00
17 Other comprehensive income net of taxes 532.00 7,598.00
18 Total Comprehensive Income for the period 1,21,333.00 2,59,048.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,743.00 2,743.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 44.04 91.69
Diluted earnings (loss) per share from continuing operations 43.97 91.54
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 44.04 91.69
Diluted earnings (loss) per share from continuing and discontinued operations 43.97 91.54
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 2,45,776.00
Capital work-in-progress 12,289.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 86,983.00
Intangible assets under development 58,435.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 10,89,502.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 2,72,829.00
Total non-current financial assets 13,62,331.00
Deferred tax assets (net) 0.00
Other non-current assets 31,180.00
Total non-current assets 17,96,994.00
2 Current assets
Inventories 1,36,279.00
Current financial asset
Current investments 2,79,239.00
Trade receivables, current 1,13,329.00
Cash and cash equivalents 3,968.00
Bank balance other than cash and cash equivalents 4,930.00
Loans, current 0.00
Other current financial assets 2,08,529.00
Total current financial assets 6,09,995.00
Current tax assets (net) 0.00
Other current assets 38,450.00
Total current assets 7,84,724.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 25,81,718.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,743.00
Other equity 19,18,840.00
Total equity attributable to owners of parent 19,21,583.00
Non controlling interest
Total equity 19,21,583.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 19,141.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 6,192.00
Total non-current financial liabilities 25,333.00
Provisions, non-current 21,938.00
Deferred tax liabilities (net) 64,112.00
Deferred government grants, Non-current 14,622.00
Other non-current liabilities 52,506.00
Total non-current liabilities 1,78,511.00
Current liabilities
Current financial liabilities
Borrowings, current 1,063.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 7,911.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,68,352.00
Total Trade payable 2,76,263.00
Other current financial liabilities 38,141.00
Total current financial liabilities 3,15,467.00
Other current liabilities 1,13,255.00
Provisions, current 15,047.00
Current tax liabilities (Net) 34,641.00
Deferred government grants, Current 3,214.00
Total current liabilities 4,81,624.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 6,60,135.00
Total equity and liabilites 25,81,718.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains/(losses) on defined benefit plans 4500000 19200000
2 Change in fair value of equity instruments (including foreign exchange gains/(losses) on reinstatement) 59900000 240100000
Total Amount of items that will not be reclassified to profit and loss 644.00 2,593.00
2 Income tax relating to items that will not be reclassified to profit or loss 96.00 391.00
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translating foreign operations 130700000 593700000
2 Debt instruments through other comprehensive income -132800000 127400000
Total Amount of items that will be reclassified to profit and loss (21.00) 7,211.00
4 Income tax relating to items that will be reclassified to profit or loss (5.00) 1,815.00
5 Total Other comprehensive income 532.00 7,598.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 3,31,152.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,357.00
Adjustments for decrease (increase) in inventories (25,708.00)
Adjustments for decrease (increase) in trade receivables, current (1,517.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (12,607.00)
Adjustments for decrease (increase) in other non-current assets (1,161.00)
Adjustments for other financial assets, non-current (77.00)
Adjustments for other financial assets, current 247.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 32,555.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 32,420.00
Adjustments for increase (decrease) in other non-current liabilities 8,444.00
Adjustments for depreciation and amortisation expense 37,372.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 3,102.00
Adjustments for provisions, non-current 2,445.00
Adjustments for other financial liabilities, current 458.00
Adjustments for other financial liabilities, non-current (1,394.00)
Adjustments for unrealised foreign exchange losses gains (8,011.00)
Adjustments for dividend income 21,760.00
Adjustments for interest income 21,828.00
Adjustments for share-based payments 2,593.00
Adjustments for fair value losses (gains) (44,310.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (1,487.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (18,867.00)
Net cash flows from (used in) operations 3,12,285.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 57,535.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,54,750.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 1,440.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 258.00
Purchase of property, plant and equipment 60,507.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 21,760.00
Interest received 20,192.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (57,969.00)
Net cash flows from (used in) investing activities (77,706.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 792.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 1,612.00
Dividends paid 1,91,995.00
Interest paid 19.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 1,036.00
Net cash flows from (used in) financing activities (1,91,798.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (14,754.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 5,937.00
Net increase (decrease) in cash and cash equivalents (8,817.00)
Cash and cash equivalents cash flow statement at beginning of period 11,722.00
Cash and cash equivalents cash flow statement at end of period 2,905.00





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Eicher Motors Limited Mr. Siddhartha Lal Managing Director Remuneration NA 900.00 (1,384.00) 400.00 Textual Information(1)
2 Eicher Motors Limited VE Commercial Vehicles Limited Joint venture company Purchase of goods or services 35,000.00 NA 14,332.00 (5,242.00) (5,363.00)
3 Eicher Motors Limited VE Commercial Vehicles Limited Joint venture company Any other transaction Corporate service charges (expense) 500.00 NA 165.00 0.00 (29.00)
4 Eicher Motors Limited VE Commercial Vehicles Limited Joint venture company Dividend received NA 21,760.00 0.00 0.00
5 Eicher Motors Limited VE Commercial Vehicles Limited Joint venture company Any other transaction Discount on Bills 55,000.00 NA 1,611.00 44,592.00 30,256.00
6 Eicher Motors Limited VE Commercial Vehicles Limited Joint venture company Any other transaction Recovery for stock options granted by EML to VECV employees 4,000.00 NA 1,036.00 0.00 0.00
7 Eicher Motors Limited VE Commercial Vehicles Limited Joint venture company Investment NA 0.00 544.00 544.00
8 Eicher Motors Limited Eicher Polaris Private Limited Joint venture company Any other transaction Purchase of Property, plant and equipment NA 0.00 (4.00) (4.00)
9 Eicher Motors Limited Eicher Goodearth Private Limited Entity under the joint control of one of the KMP and/or his relatives Any other transaction Corporate service charges (expense) NA 58.00 (25.00) (31.00)
10 Eicher Motors Limited Eicher Goodearth Private Limited Entity under the joint control of one of the KMP and/or his relatives Any other transaction Rent NA 234.00 0.00 0.00
11 Eicher Motors Limited Eicher Goodearth Private Limited Entity under the joint control of one of the KMP and/or his relatives Any other transaction Security deposits receivable NA 0.00 109.00 109.00
12 Eicher Motors Limited Eicher Goodearth Private Limited Entity under the joint control of one of the KMP and/or his relatives Any other transaction Expenses reimbursed/reimbursable to the Company 175.00 NA 40.00 6.00 7.00
13 Eicher Motors Limited Eicher Goodearth India Private Limited Entity under the joint control of one of the KMP and/or his relatives Any other transaction Brand fees 500.00 NA 250.00 (500.00) (250.00)
14 Eicher Motors Limited Eicher Group Foundation Joint venture company Any other transaction Corporate social responsibility expenditure 11,000.00 NA 2,862.00 0.00 0.00
15 Eicher Motors Limited Eicher Group Foundation Joint venture company Any other transaction Surplus on CSR unspent fund NA 0.00 59.00 0.00
16 Eicher Motors Limited Eicher Executive Provident Fund Post employment benefit plan Any other transaction Contribution to provident fund 4,000.00 NA 652.00 (95.00) (110.00)
17 Eicher Motors Limited Eicher Tractors Executive Staff Superannuation Fund Post employment benefit plan Any other transaction Contribution to superannuation fund 50.00 NA 13.00 (2.00) (2.00)
18 Eicher Motors Limited Sunshine Automobiles Directors' relative is a partner Sale of goods or services 6,500.00 NA 2,719.00 0.00 0.00
19 Eicher Motors Limited Sunshine Automobiles Directors' relative is a partner Any other transaction Payment for Free service coupon and warranty claims NA 80.00 0.00 0.00
20 Eicher Motors Limited Sunshine Automobiles Directors' relative is a partner Any other transaction Security deposit payable NA 0.00 (2.00) (2.00)
21 Eicher Motors Limited Sunshine Automobiles Directors' relative is a partner Any other transaction Advances received towards vehicles, spares, apparel and accessories sales NA 0.00 (29.00) (38.00)
22 Eicher Motors Limited Sunshine Automobiles Directors' relative is a partner Any other transaction Expenses reimbursed/reimbursable to the Company NA 1.00 0.00 0.00
23 Eicher Motors Limited G Sekhar - Non Executive Director - EGF Non Executive Director of Joint Venture Company Any other transaction Consultancy fee NA 21.00 0.00 0.00
24 Eicher Motors Limited Vigyat Singh - Non Executive Director - EGF Non Executive Director of Joint Venture Company Any other transaction Consultancy fee 150.00 NA 37.00 0.00 0.00
25 Eicher Motors Limited Vigyat Singh - Non Executive Director - EGF Non Executive Director of Joint Venture Company Any other transaction Expenses reimbursed NA 16.00 0.00 0.00
26 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Any other transaction Guarantee given / forex revaluation (increase)/decrease NA (610.00) (16,260.00) (16,871.00)
27 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Sale of goods or services NA 5,775.00 8,778.00 5,982.00
28 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Any other transaction Expenses reimbursed/reimbursable by the Company NA 408.00 0.00 0.00
29 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Any other transaction Trade payables NA 0.00 (601.00) (119.00)
30 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Investment NA 0.00 3,417.00 3,417.00
31 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Any other transaction Recovery of Share based payments NA 86.00 212.00 227.00
32 Eicher Motors Limited Royal Enfield North America Ltd Subsidiary company Any other transaction Sales and marketing service expense NA 240.00 0.00 0.00
33 Eicher Motors Limited Royal Enfield Brasil Comercio de Motocicletas Ltda Subsidiary company Any other transaction Guarantee given / forex revaluation (increase)/decrease NA (321.00) (8,558.00) (8,879.00)
34 Eicher Motors Limited Royal Enfield Brasil Comercio de Motocicletas Ltda Subsidiary company Sale of goods or services NA 35,547.00 38,404.00 40,942.00
35 Eicher Motors Limited Royal Enfield Brasil Comercio de Motocicletas Ltda Subsidiary company Investment NA 0.00 24,501.00 24,501.00
36 Eicher Motors Limited Royal Enfield Brasil Comercio de Motocicletas Ltda Subsidiary company Any other transaction Expenses reimbursed/reimbursable by the Company NA 265.00 0.00 0.00
37 Eicher Motors Limited Royal Enfield Brasil Comercio de Motocicletas Ltda Subsidiary company Any other transaction Trade payables NA 0.00 (35.00) 0.00
38 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Guarantee given / forex revaluation (increase)/decrease NA (996.00) (2,893.00) (3,889.00)
39 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Sale of goods or services NA 2,740.00 2,249.00 3,615.00
40 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Expenses reimbursed/reimbursable to the Company NA 533.00 0.00 0.00
41 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Royalty income NA 95.00 0.00 0.00
42 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Recovery of Share based payments NA (38.00) 101.00 67.00
43 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Expenses reimbursed/reimbursable by the Company NA 176.00 0.00 0.00
44 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Trade payables NA 0.00 (471.00) 0.00
45 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Investment NA 0.00 4,221.00 4,221.00
46 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Any other transaction Sales and marketing service expense NA 228.00 0.00 0.00
47 Eicher Motors Limited Royal Enfield (Thailand) Ltd Subsidiary company Purchase of goods or services NA 453.00 0.00 (450.00)
48 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Any other transaction Guarantee given / forex revaluation (increase)/decrease NA (250.00) (3,211.00) (3,461.00)
49 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Sale of goods or services NA 4,101.00 8,858.00 10,776.00
50 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Investment NA 0.00 3,157.00 3,157.00
51 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Any other transaction Expenses reimbursed/reimbursable by the Company NA 1,034.00 0.00 0.00
52 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Any other transaction Trade payables NA 0.00 (570.00) (316.00)
53 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Any other transaction Sales and marketing service expense NA 656.00 0.00 0.00
54 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Any other transaction Recovery of Share based payments NA 74.00 215.00 306.00
55 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Any other transaction Expenses reimbursed/reimbursable to the Company NA 89.00 0.00 0.00
56 Eicher Motors Limited Royal Enfield UK Limited Subsidiary company Purchase of goods or services NA 38.00 0.00 0.00
57 Eicher Motors Limited Royal Enfield Europe B.V Subsidiary company Investment NA 1,440.00 1,866.00 3,306.00
58 Eicher Motors Limited Royal Enfield Europe B.V Subsidiary company Sale of goods or services NA 6,357.00 1,093.00 8,147.00
59 Eicher Motors Limited Royal Enfield Europe B.V Subsidiary company Any other transaction Expenses reimbursed/reimbursable to the Company NA 117.00 0.00 0.00
60 Eicher Motors Limited Royal Enfield Europe B.V Subsidiary company Any other transaction Guarantee given / forex revaluation (increase)/decrease NA (72.00) (559.00) 631.00
61 Royal Enfield North America Ltd (RENA) Royal Enfield Canada Limited Subsidiary company Sale of goods or services NA 1,220.00 487.00 103.00
62 Royal Enfield North America Ltd (RENA) Royal Enfield Canada Limited Subsidiary company Any other transaction Expenses reimbursed/reimbursable to the Company NA 50.00 0.00 0.00
63 Royal Enfield North America Ltd (RENA) Royal Enfield Canada Limited Subsidiary company Investment NA 0.00 9.00 9.00
64 Eicher Motors Limited Ms. Samantha King Director Remuneration NA 0.00 0.00 0.00
65 Eicher Motors Limited Ms. Samantha King Director Any other transaction Variable pay NA 0.00 0.00 0.00
66 Eicher Motors Limited Mr. Edgar Kleinbergen Director of a Subsidiary Company Royal Enfield Europe B.V Remuneration NA 84.00 0.00 0.00
67 Royal Enfield Europe B.V Royal Enfield UK Limited Subsidiary company of the same group Any other transaction Expenses reimbursed/reimbursable by the Company NA 21.00 (8.00) (2.00)
68 Eicher Motors Limited Mr. Vikram Lal Relative of Director Any other transaction Expenses reimbursed/reimbursable to the Company NA 2.00 0.00 0.00
69 VE Commercial Vehicles Limited Eicher Goodearth Private Limited (EGPL) Interest in the form of relatives Interest in form of common directorship Any other transaction Rent paid NA 645.00 (38.00) (1.00)
70 VE Commercial Vehicles Limited Eicher Goodearth Private Limited (EGPL) Interest in the form of relatives Interest in form of common directorship Any other transaction Reimbursement of expenses NA 59.00 17.00 0.00
71 VE Commercial Vehicles Limited Eicher Goodearth Private Limited (EGPL) Interest in the form of relatives Interest in form of common directorship Any other transaction Reimbursement of expenses NA 20.00 0.00 8.00
72 VE Commercial Vehicles Limited Eicher Goodearth Private Limited (EGPL) Interest in the form of relatives Interest in form of common directorship Any other transaction Security Deposit NA 0.00 391.00 351.00
73 VE Commercial Vehicles Limited Eicher Goodearth India Private Limited (EGIPL) Interest in the form of relatives and common Directorship Any other transaction Brand Fee NA 4,440.00 1,526.00 (4,440.00)
74 VE Commercial Vehicles Limited Aktiebolaget Volvo (PUBL) Investing Company Dividend paid NA 13,879.00 0.00 0.00
75 VE Commercial Vehicles Limited Volvo do Brasil Veiculos Ltd As per Accounting Standards – Related Party Sale of goods or services NA 9,673.00 3,705.00 3,749.00
76 VE Commercial Vehicles Limited Renault Trucks As per Accounting Standards – Related Party Sale of goods or services NA 811.00 653.00 558.00
77 VE Commercial Vehicles Limited Renault Trucks SAS As per Accounting Standards – Related Party Purchase of goods or services NA 305.00 (18.00) (254.00)
78 VE Commercial Vehicles Limited Renault Trucks SAS As per Accounting Standards – Related Party Sale of goods or services NA 22,348.00 15,285.00 14,455.00
79 VE Commercial Vehicles Limited Renault Trucks SAS As per Accounting Standards – Related Party Any other transaction Variance income (Receivable) to VEPT (A Unit of VE Commercial Vehicles Limited) NA 156.00 0.00 0.00
80 VE Commercial Vehicles Limited Renault Trucks SAS As per Accounting Standards – Related Party Any other transaction Reimbursement of expenses NA 2,741.00 0.00 0.00
81 VE Commercial Vehicles Limited Renault Trucks SAS As per Accounting Standards – Related Party Purchase of goods or services NA 8.00 (63.00) (6.00)
82 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Purchase of goods or services NA 54.00 (49,035.00) (18,663.00)
83 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Sale of goods or services NA 99.00 0.00 0.00
84 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Sale of goods or services NA 4,163.00 1,408.00 1,833.00
85 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Any other transaction Parts Incentive support as per BTA NA 179.00 180.00 0.00
86 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Purchase of goods or services 4,00,000.00 NA 78,122.00 0.00 0.00
87 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Purchase of goods or services NA 5.00 5.00 5.00
88 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Purchase of goods or services NA 1,101.00 (919.00) (797.00)
89 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Any other transaction Reimbursement of expenses NA 3,993.00 0.00 0.00
90 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Any other transaction Reimbursement of expenses NA 219.00 0.00 0.00
91 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Purchase of goods or services NA 31,004.00 0.00 0.00
92 VE Commercial Vehicles Limited Volvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL) As per Accounting Standards – Related Party Purchase of goods or services NA 170.00 0.00 0.00
93 VE Commercial Vehicles Limited Volvo Lastvagnar AB As per Accounting Standards – Related Party Sale of goods or services NA 11,359.00 2,549.00 3,751.00
94 VE Commercial Vehicles Limited Volvo Powertrain AB As per Accounting Standards – Related Party Any other transaction Product Maintenance Cost/Rent on common Tooling by VEPT NA 5.00 1.00 1.00
95 VE Commercial Vehicles Limited Volvo Bussar AB As per Accounting Standards – Related Party Sale of goods or services NA 11.00 0.00 0.00
96 VE Commercial Vehicles Limited Volvo Bussar AB As per Accounting Standards – Related Party Sale of goods or services NA 0.00 (22.00) 0.00
97 VE Commercial Vehicles Limited Volvo Bussar AB As per Accounting Standards – Related Party Sale of goods or services NA 1,021.00 0.00 942.00
98 VE Commercial Vehicles Limited AB Volvo Penta As per Accounting Standards – Related Party Sale of goods or services NA 4,164.00 591.00 1,355.00
99 VE Commercial Vehicles Limited Volvo Information Technology AB As per Accounting Standards – Related Party Purchase of goods or services NA 134.00 (62.00) (67.00)
100 VE Commercial Vehicles Limited Volvo Construction Equipment AB As per Accounting Standards – Related Party Sale of goods or services NA 805.00 425.00 427.00
101 VE Commercial Vehicles Limited Volvo Truck Corporation As per Accounting Standards – Related Party Sale of goods or services NA 2,103.00 1,562.00 1,048.00
102 VE Commercial Vehicles Limited Volvo Truck Corporation As per Accounting Standards – Related Party Purchase of goods or services NA 1,056.00 (49.00) 0.00
103 VE Commercial Vehicles Limited Volvo Truck Corporation As per Accounting Standards – Related Party Any other transaction Warranty customer Support reimbursment NA 2,314.00 0.00 0.00
104 VE Commercial Vehicles Limited Volvo Truck Corporation As per Accounting Standards – Related Party Any other transaction Licence fee paid/payable NA 219.00 0.00 0.00
105 VE Commercial Vehicles Limited Volvo Truck Corporation As per Accounting Standards – Related Party Dividend paid NA 4,361.00 0.00 0.00
106 VE Commercial Vehicles Limited Volvo Merchandise AB As per Accounting Standards – Related Party Purchase of goods or services NA 0.00 0.00 87.00
107 VE Commercial Vehicles Limited Volvo Bus Corporation As per Accounting Standards – Related Party Purchase of goods or services NA 7,023.00 196.00 (2,739.00)
108 VE Commercial Vehicles Limited Volvo Bus Corporation As per Accounting Standards – Related Party Purchase of goods or services NA 3,292.00 (385.00) 0.00
109 VE Commercial Vehicles Limited Volvo Bus Corporation As per Accounting Standards – Related Party Any other transaction Warranty customer Support reimbursment NA 461.00 0.00 0.00
110 VE Commercial Vehicles Limited Renault Trucks Gare V1 As per Accounting Standards – Related Party Sale of goods or services NA 19.00 16.00 12.00
111 VE Commercial Vehicles Limited PT Volvo Indonesia As per Accounting Standards – Related Party Any other transaction Spares warranty paid/payable NA 15.00 (32.00) (40.00)
112 VE Commercial Vehicles Limited V E C V Lanka (Private) Limited 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Reimbursement of expenses NA 932.00 179.00 243.00
113 VE Commercial Vehicles Limited V E C V Lanka (Private) Limited 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Warranty Claim payable by ETB (A Unit of VE Commercial Vehicles Limited) NA 1.00 0.00 0.00
114 VE Commercial Vehicles Limited V E C V Lanka (Private) Limited 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Reimbursement of expenses NA 9.00 0.00 0.00
115 VE Commercial Vehicles Limited VECV South Africa (Pty) Ltd. 100% subsidiary of VE Commercial Vehicles Limited Sale of goods or services NA 237.00 2,552.00 7,435.00
116 VE Commercial Vehicles Limited VECV South Africa (Pty) Ltd. 100% subsidiary of VE Commercial Vehicles Limited Sale of goods or services NA 7,041.00 0.00 0.00
117 VE Commercial Vehicles Limited VECV South Africa (Pty) Ltd. 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Warraty claim paid by payable NA 113.00 0.00 0.00
118 VE Commercial Vehicles Limited VECV South Africa (Pty) Ltd. 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Incentive payment NA 203.00 0.00 0.00
119 VE Commercial Vehicles Limited VECV South Africa (Pty) Ltd. 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Reimbursement of expenses (Receivable) NA 3.00 0.00 0.00
120 VE Commercial Vehicles Limited VECV South Africa (Pty) Ltd. 100% subsidiary of VE Commercial Vehicles Limited Any other transaction Reimbursement of expenses (payable) NA 52.00 0.00 0.00
121 VE Commercial Vehicles Limited Eicher Group Foundation (EGF) Associate Company Interest in the form of common directorship Any other transaction CSR Contribution NA 798.00 8.00 0.00
122 VE Commercial Vehicles Limited Volvo Parts Corporation (Volvo Parts Corp.) As per Accounting Standards – Related Party Sale of goods or services NA 3.00 (1.00) 2.00
123 VE Commercial Vehicles Limited Volvo Parts Corporation (Volvo Parts Corp.) Entity under the control of Co-venturer (AB Volvo) Sale of goods or services NA 1.00 39.00 1.00
124 VE Commercial Vehicles Limited Volvo Parts Corporation (Volvo Parts Corp.) As per Accounting Standards – Related Party Purchase of goods or services NA 6.00 0.00 0.00
125 VE Commercial Vehicles Limited Volvo Parts Corporation (Volvo Parts Corp.) As per Accounting Standards – Related Party Sale of goods or services NA 42.00 (81.00) (34.00)
126 VE Commercial Vehicles Limited Volvo Powertrain Corporation As per Accounting Standards – Related Party Sale of goods or services NA 47.00 24.00 24.00
127 VE Commercial Vehicles Limited Volvo Powertrain Corporation As per Accounting Standards – Related Party Sale of goods or services NA 81.00 18.00 18.00
128 VE Commercial Vehicles Limited Eicher Executive Provident Fund Other related parties Any other transaction Post employment benefit plan NA 437.00 0.00 0.00
129 VE Commercial Vehicles Limited Eicher Tractors Executive Staff Supperannuation Fund Other related parties Any other transaction Post employment benefit plan NA 66.00 0.00 0.00
130 VE Commercial Vehicles Limited VECV Employee Group Gratuity Scheme Other related parties Any other transaction Post employment benefit plan NA 0.00 0.00 0.00
131 VE Commercial Vehicles Limited Volvo Group Southern Africa (Pty) Ltd As per Accounting Standards – Related Party Any other transaction Warranty Claim payable NA 702.00 0.00 669.00
132 VE Commercial Vehicles Limited Volvo Group Southern Africa (Pty) Ltd As per Accounting Standards – Related Party Any other transaction Warranty Claim payable NA 82.00 (13.00) 6.00
133 VE Commercial Vehicles Limited Volvo Group Southern Africa (Pty) Ltd As per Accounting Standards – Related Party Sale of goods or services NA 0.00 13.00 0.00
134 VE Commercial Vehicles Limited Volvo Group Singapore (Pte) Ltd As per Accounting Standards – Related Party Any other transaction Warranty Claim payable NA 17.00 10.00 21.00
135 VE Commercial Vehicles Limited Volvo Technology AB As per Accounting Standards – Related Party Any other transaction Product Maintenance Cost/Rent on common Tooling NA 296.00 0.00 0.00
136 VE Commercial Vehicles Limited Volvo Technology AB As per Accounting Standards – Related Party Purchase of goods or services NA 122.00 (241.00) (122.00)
137 VE Commercial Vehicles Limited VOLVO CE INDIA PRIVATE LIMITED As per Accounting Standards – Related Party Sale of goods or services NA 1,336.00 975.00 503.00
138 VE Commercial Vehicles Limited VOLVO CE INDIA PRIVATE LIMITED Entity under the control of Co-venturer (AB Volvo) Sale of goods or services NA (4.00) 0.00 0.00
139 VE Commercial Vehicles Limited VOLVO CE INDIA PRIVATE LIMITED Entity under the control of Co-venturer (AB Volvo) Any other transaction Warranty Claim Payable NA 0.00 (48.00) 0.00
140 VE Commercial Vehicles Limited MACK TRUCKS INC As per Accounting Standards – Related Party Sale of goods or services NA 37.00 20.00 9.00
141 VE Commercial Vehicles Limited Goodearth Design Studio Private Limited Mr. Siddhartha Lal and Mr. Raul Rai through his Relatives Purchase of goods or services NA 0.00 (1.00) (3.00)
142 VE Commercial Vehicles Limited Goodearth Design Studio Private Limited Mr. Siddhartha Lal and Mr. Raul Rai through his Relatives Any other transaction Reimbursment of Expenses (Insurance) NA 28.00 0.00 37.00
143 VE Commercial Vehicles Limited AB Volvo Penta - Germany As per Accounting Standards – Related Party Sale of goods or services NA 7,735.00 1,468.00 3,465.00
144 VE Commercial Vehicles Limited VE Electro-Mobility Limited Interest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited) Any other transaction Reimbursement of Expenses NA 134.00 276.00 38.00
145 VE Commercial Vehicles Limited VE Electro-Mobility Limited Interest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited) Sale of goods or services NA 72.00 0.00 0.00
146 VE Commercial Vehicles Limited VE Electro-Mobility Limited Interest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited) Purchase of goods or services NA 12.00 0.00 0.00
147 VE Commercial Vehicles Limited VE Electro-Mobility Limited Interest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited) Sale of goods or services NA 56.00 0.00 0.00
148 VE Commercial Vehicles Limited VOLVO GROUP BELGIUM NV As per Accounting Standards – Related Party Sale of goods or services NA 81.00 37.00 33.00
149 VE Commercial Vehicles Limited RENAULT TRUCKS GARE X2 As per Accounting Standards – Related Party Sale of goods or services NA 1.00 1.00 1.00
150 VE Commercial Vehicles Limited VOLVO PARTS CORPORATION, Belgium As per Accounting Standards – Related Party Sale of goods or services NA 12.00 3.00 3.00
151 VE Commercial Vehicles Limited VOLVO TECHNOLOGY AB -EUR As per Accounting Standards – Related Party Sale of goods or services NA 108.00 (1.00) (5.00)
152 VE Commercial Vehicles Limited Volvo Group Korea Co. Ltd As per Accounting Standards – Related Party Sale of goods or services NA 1,161.00 331.00 346.00
153 VE Commercial Vehicles Limited RENAULT TRUCKS LIMOGES ECH STD As per Accounting Standards – Related Party Purchase of goods or services NA 0.00 (1.00) (1.00)
154 VE Commercial Vehicles Limited Renaults Trucks Gare 89 As per Accounting Standards – Related Party Sale of goods or services NA 15.00 9.00 3.00
155 VE Commercial Vehicles Limited RENAULT TRUCKS GARE G2 Entity under the control of Co-venturer (AB Volvo) Sale of goods or services NA 0.00 1.00 0.00
156 VE Commercial Vehicles Limited VOLVO TRUCK CORPORATION SWEDEN Entity under the control of Co-venturer (AB Volvo) Sale of goods or services NA 48.00 4.00 15.00
157 VE Commercial Vehicles Limited BLP lndustry.AI Private Limited Interest in the form of common directorship Purchase of goods or services NA 36.00 0.00 (14.00)
158 VE Commercial Vehicles Limited Volvo Construction Equipment China As per Accounting Standards – Related Party Sale of goods or services NA 932.00 219.00 709.00
159 VE Commercial Vehicles Limited VE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited) Interest in the form of subsidiary of VE Commercial Vehicles Limited) w.e.f. 15.05.2024 Purchase of goods or services NA 3,538.00 (2.00) (407.00)
160 VE Commercial Vehicles Limited VE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited) Interest in the form of subsidiary of VE Commercial Vehicles Limited) w.e.f. 15.05.2024 Purchase of goods or services NA 117.00 (178.00) 0.00
161 VE Commercial Vehicles Limited VE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited) Interest in the form of subsidiary of VE Commercial Vehicles Limited) w.e.f. 15.05.2024 Purchase of goods or services NA 157.00 0.00 0.00
162 VE Commercial Vehicles Limited VE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited) Interest in the form of subsidiary of VE Commercial Vehicles Limited) w.e.f. 15.05.2024 Any other transaction Reimbursment of Expenses (Insurance) VECO NA 4.00 0.00 0.00
163 VE Commercial Vehicles Limited VOLVO Group North America  Entity under the control of Co-venturer (AB Volvo) Sale of goods or services NA 0.00 0.00 0.00
164 VE Commercial Vehicles Limited Volvo Equipamentos de Construcao As per Accounting Standards – Related Party Sale of goods or services NA 260.00 489.00 111.00
165 VE Commercial Vehicles Limited Itriangle Infotech Pvt. Ltd. 49% of share holding of VE Connected Solutions P Ltd Purchase of goods or services NA (4.00) 0.00 0.00
166 VECV South Africa (Pty) Ltd. VOLVO GROUP BELGIUM NV As per Accounting Standards – Related Party Sale of goods or services NA 3.00 0.00 0.00
167 VE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited) Itriangle Infotech Pvt. Ltd. Itriangle Infotech Private Limited holds 49% of shareholding of VE Connected Solutions Private Limited and has Common Directors Purchase of goods or services 6,000.00 NA 2,351.00 56.00 (51.00)
168 VE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited) Zeliot Connected Solution Private Limited Common Directors Purchase of goods or services 2,500.00 NA 800.00 94.00 (20.00)
169 VE Commercial Vehicles Limited Ms. Aastha Aggarwal Relative of Director Purchase of goods or services NA 2.00 0.00 0.00
Total value of transaction during the reporting period 3,49,204.00



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Textual Information(1) Remuneration represents accruals made during the reporting period Remuneration reported includes fixed salary and commission including commission payable Balances in negative indicate payables and positive indicate receivables, unless otherwise stated Corporate social responsibility CSR expenditure w.r.t Eicher Group Foundation includes amounts spent from previous years CSR unspent bank accounts for ongoing projects