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MOTORS LIMITED505200EICHERMOTNOTLISTED2024-04-012025-03-31First half yearly2024-04-012024-09-30CrorestruetrueNANAfalsetrue2022-02-14https://www.eicher.in/content/dam/eicher-motors/investor/corporate-governance/codes-and-policies/Policy%20on%20Materiality%20of%20and%20Dealing%20with%20Related%20Party%20Transactions.pdfEicher Motors LimitedMr. Siddhartha LalManaging DirectorRemunerationNA175300000-132200000-72800000Notes to be read from Sr.No. 1 to 75 Remuneration represents accruals made during the reporting period Remuneration reported includes National Insurance payable to HMRC, UK on 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 and Approval of Rs. 110 crore is for financial year 2024-25Eicher Motors 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transactionSale of Completely Knocked Down (CKD) tools/consumablesNA000Eicher Motors LimitedRoyal Enfield (Thailand) LtdSubsidiary companyAny other transactionRoyalty incomeNA1580000000Eicher Motors LimitedRoyal Enfield (Thailand) LtdSubsidiary companyAny other transactionExpenses reimbursedNA2200000-6100000-900000Eicher Motors LimitedRoyal Enfield (Thailand) LtdSubsidiary companyInvestmentNA0422100000422100000Eicher Motors LimitedRoyal Enfield UK LimitedSubsidiary companyAny other transactionGuarantee given / forex revaluation (increase)/decreaseNA-114700000-210600000-325300000Eicher Motors LimitedRoyal Enfield UK LimitedSubsidiary companySale of goods or servicesNA299400000913600000905500000Eicher Motors LimitedRoyal Enfield UK LimitedSubsidiary companyInvestmentNA0315700000315700000Eicher Motors LimitedRoyal Enfield UK LimitedSubsidiary companyAny other transactionExpenses reimbursedNA3800000-113500000-61000000Eicher Motors LimitedRoyal Enfield UK LimitedSubsidiary companyAny other transactionSales and marketing service expenseNA19160000000Eicher Motors LimitedRoyal Enfield UK LimitedSubsidiary companyAny other transactionExpenses recoveryNA14800000013500000Eicher Motors LimitedRoyal Enfield Europe B.VSubsidiary companyInvestmentNA45300000045300000Royal Enfield North America Ltd (RENA)Royal Enfield Canada LimitedSubsidiary companySale of goods or servicesNA220400000197000006200000Royal Enfield North America Ltd (RENA)Royal Enfield Canada LimitedSubsidiary companyAny other transactionExpenses recoveredNA000Royal Enfield North America Ltd (RENA)Royal Enfield Canada LimitedSubsidiary companyInvestmentNA0900000900000Royal Enfield North America Ltd (RENA)Mr. Krishnan RamaswamyDirectorRemunerationNA140000000-1300000Royal Enfield North America Ltd (RENA)Mr. Krishnan RamaswamyDirectorLoanNA000Royal Enfield North America Ltd (RENA)Mr. Muthuraman SankaranDirectorRemunerationNA62000000-700000Royal Enfield UK LimitedMr. Arun GopalDirectorRemunerationNA299000000-2800000Royal Enfield Brasil Comercio de Motocicletas LtdaMr. David SaraiDirectorRemunerationNA45000000-600000Royal Enfield (Thailand) LtdMr. Shray GuptaDirectorRemunerationNA137000000-2100000Royal Enfield (Thailand) LtdMr. Anuj DuaDirectorRemunerationNA145000000-2100000Royal Enfield UK LimitedMs. Samantha KingDirectorRemunerationNA69000000-900000Eicher Motors LimitedMr. Edgar KleinbergenDirectorRemunerationNA130000000VE Commercial Vehicles LimitedEicher Motors Limited (EML)Interest in the form of common directorshipSale of goods or servicesNA1215300000421400000392900000Notes to be read from Sr.No. 76 to 194 Remuneration represents actual payment made during the reporting period 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 projectsVE Commercial Vehicles LimitedEicher Motors Limited 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Limited (formerly Volvo India Private Limited) (VGIPL)As per Accounting Standards – Related PartyPurchase of fixed assetsNA7000000-3462500000-3706900000VE Commercial Vehicles LimitedVolvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL)As per Accounting Standards – Related PartyPurchase of fixed assetsNA146800000074500000VE Commercial Vehicles LimitedVolvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL)As per Accounting Standards – Related PartyAny other transactionParts Incentive support as per BTANA2050000005800000VE Commercial Vehicles LimitedVolvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL)As per Accounting Standards – Related PartySale of goods or servicesNA60000000VE Commercial Vehicles LimitedVolvo Group India Private Limited (formerly Volvo India Private Limited) (VGIPL)As per Accounting Standards – Related PartyPurchase of goods or services40000000000NA1375190000000VE Commercial Vehicles 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Vehicles LimitedVolvo Lastvagnar ABAs per Accounting Standards – Related PartySale of goods or servicesNA1322900000306000000388500000VE Commercial Vehicles LimitedVolvo Powertrain ABAs per Accounting Standards – Related PartyAny other transactionProduct Maintenance Cost/Rent on common Tooling by VEPTNA600000-8100000100000VE Commercial Vehicles LimitedVolvo Bussar ABAs per Accounting Standards – Related PartySale of goods or servicesNA19900000014300000VE Commercial Vehicles LimitedVolvo Bussar ABAs per Accounting Standards – Related PartySale of goods or servicesNA017000000VE Commercial Vehicles LimitedVolvo Bussar ABAs per Accounting Standards – Related PartySale of goods or servicesNA120000000VE Commercial Vehicles LimitedAB Volvo PentaAs per Accounting Standards – Related PartySale of goods or servicesNA1529000002410000023600000VE Commercial Vehicles LimitedVolvo Information Technology ABAs per Accounting Standards – Related PartyPurchase of goods or servicesNA13600000-6500000-4800000VE Commercial Vehicles LimitedVolvo Construction Equipment ABAs per Accounting Standards – Related PartySale of goods or servicesNA55600000040400000VE Commercial Vehicles LimitedVolvo Truck CorporationAs per Accounting Standards – Related PartySale of goods or servicesNA135600000082900000VE Commercial Vehicles LimitedVolvo Truck CorporationAs per Accounting Standards – Related PartyPurchase of goods or servicesNA1367000000-14700000VE Commercial Vehicles LimitedVolvo Truck CorporationAs per Accounting Standards – Related PartyAny other transactionWarranty customer Support reimbursmentNA4631000000166000000VE Commercial Vehicles LimitedVolvo Truck CorporationAs per Accounting Standards – Related PartyAny other transactionLicence fee paid/payableNA18800000760000000VE Commercial Vehicles LimitedVolvo Truck CorporationAs per Accounting Standards – Related PartyDividend paidNA27260000000VE Commercial Vehicles LimitedVolvo Merchandise ABAs per Accounting Standards – Related PartyPurchase of goods or servicesNA100000-1000000VE Commercial Vehicles LimitedVolvo Bus CorporationAs per Accounting Standards – Related PartyPurchase of goods or servicesNA003300000VE Commercial Vehicles LimitedVolvo Bus CorporationAs per Accounting Standards – Related PartyPurchase of goods or servicesNA753700000-144400000-331200000VE Commercial Vehicles LimitedVolvo Bus CorporationAs per Accounting Standards – Related PartyAny other transactionWarranty customer Support reimbursmentNA2870000001000000VE Commercial Vehicles LimitedRenault Trucks Gare V1As per Accounting Standards – Related PartySale of goods or servicesNA800000100000500000VE Commercial Vehicles LimitedPT Volvo IndonesiaAs per Accounting Standards – Related PartyAny other transactionSpares warranty paid/payableNA400000-2900000-2800000VE Commercial Vehicles LimitedV E C V Lanka (Private) Limited100% subsidiary of VE Commercial Vehicles LimitedAny other transactionIncentive paymentNA2700000-200000-200000VE Commercial Vehicles LimitedV E C V Lanka (Private) Limited100% subsidiary of VE Commercial Vehicles LimitedAny other transactionWarranty Claim payable by ETB (A Unit of VE Commercial Vehicles Limited)NA70000000VE Commercial Vehicles LimitedV E C V Lanka (Private) Limited100% subsidiary of VE Commercial Vehicles LimitedAny other transactionReimbursement of expensesNA110000000VE Commercial Vehicles LimitedV E C V Lanka (Private) Limited100% subsidiary of VE Commercial Vehicles LimitedAny other transactionGurantees GivenNA08490000085200000VE Commercial Vehicles LimitedV E C V Lanka (Private) Limited100% subsidiary of VE Commercial Vehicles LimitedAny other transactionInvestment in share capitalNA05430000054300000VE Commercial Vehicles LimitedBajaj Allianz General Insurance Company Ltd.Interest in the form of common directorshipPurchase of goods or servicesNA031000000VE Commercial Vehicles LimitedShardul Amarchand Mangaldas & Co., Advocates and SolicitorsDirector of VECV is Equity PartnerPurchase of goods or servicesNA370000000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedSale of goods or servicesNA40700000181100000416500000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedSale of goods or servicesNA26090000000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedAny other transactionWarraty claim paid by payableNA2220000000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedAny other transactionIncentive paymentNA3320000000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedAny other transactionReimbursement of expenses (Receivable)NA10000000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedAny other transactionGurantees GivenNA04580000050600000VE Commercial Vehicles LimitedVECV South Africa (Pty) Ltd.100% subsidiary of VE Commercial Vehicles LimitedAny other transactionInvestment in share capitalNA0115000000115000000VE Commercial Vehicles LimitedEicher Group Foundation (EGF)Associate Company Interest in the form of common directorshipAny other transactionCSR ContributionNA332000005000000VE Commercial Vehicles LimitedVolvo Parts Corporation (Volvo Parts Corp.)As per Accounting Standards – Related PartySale of goods or servicesNA2000007000000VE Commercial Vehicles LimitedVolvo Parts Corporation (Volvo Parts Corp.)Entity under the control of Co-venturer (AB Volvo)Sale of goods or servicesNA50000002500000VE Commercial Vehicles LimitedVolvo Parts Corporation (Volvo Parts Corp.)As per Accounting Standards – Related PartyPurchase of goods or servicesNA30000000VE Commercial Vehicles LimitedVolvo Parts Corporation (Volvo Parts Corp.)As per Accounting Standards – Related PartyPurchase of goods or servicesNA31000000-3100000VE Commercial Vehicles LimitedVolvo Powertrain CorporationAs per Accounting Standards – Related PartySale of goods or servicesNA750000027000005200000VE Commercial Vehicles LimitedEicher Executive Provident FundOther related partiesAny other transactionPost employment benefit planNA6600000000VE Commercial Vehicles LimitedEicher Tractors Executive Staff Supperannuation FundOther related partiesAny other transactionPost employment benefit planNA1000000000VE Commercial Vehicles LimitedVolvo Group Southern Africa (Pty) LtdAs per Accounting Standards – Related PartyAny other transactionWarranty Claim payableNA6700000-12000001600000VE Commercial Vehicles LimitedVolvo Group Southern Africa (Pty) LtdAs per Accounting Standards – Related PartySale of goods or servicesNA520000001800000VE Commercial Vehicles LimitedVolvo Group Singapore (Pte) LtdAs per Accounting Standards – Related PartyAny other transactionWarranty Claim payableNA330000017000001400000VE Commercial Vehicles LimitedVolvo Financial Services India Pvt LtdAs per Accounting Standards – Related PartyAny other transactionFinancial SubventionNA00200000VE Commercial Vehicles LimitedVolvo Financial Services India Pvt LtdAs per Accounting Standards – Related PartyAny other transactionRentNA02000000VE Commercial Vehicles LimitedVolvo Technology ABAs per Accounting Standards – Related PartySale of goods or servicesNA0-25000000VE Commercial Vehicles LimitedVolvo Technology ABAs per Accounting Standards – Related PartyAny other transactionProduct Maintenance Cost/Rent on common ToolingNA2800000000VE Commercial Vehicles LimitedVolvo Technology ABAs per Accounting Standards – Related PartyPurchase of goods or servicesNA1616000000-2300000VE Commercial Vehicles LimitedVOLVO CE INDIA PRIVATE LIMITEDAs per Accounting Standards – Related PartySale of goods or servicesNA1332000008450000091900000VE Commercial Vehicles LimitedVOLVO CE INDIA PRIVATE LIMITEDEntity under the control of Co-venturer (AB Volvo)Sale of goods or servicesNA40000000VE Commercial Vehicles LimitedVOLVO CE INDIA PRIVATE LIMITEDEntity under the control of Co-venturer (AB Volvo)Any other transactionWarranty Claim PayableNA40000000VE Commercial Vehicles LimitedMACK TRUCKS INCAs per Accounting Standards – Related PartySale of goods or servicesNA540000021000002100000VE Commercial Vehicles LimitedVOLVO LOGISTICS CORPORATIONAs per Accounting Standards – Related PartyAny other transactionReimbursement of expenses Expat - PayableNA0-300000900000VE Commercial Vehicles LimitedAB Volvo Penta - GermanyAs per Accounting Standards – Related PartySale of goods or servicesNA30040000012240000064000000VE Commercial Vehicles LimitedVE Electro-Mobility LimitedInterest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited)Sale of goods or servicesNA0350000000350000000VE Commercial Vehicles LimitedVE Electro-Mobility LimitedInterest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited)Any other transactionReimbursement of ExpensesNA151000003454000000VE Commercial Vehicles LimitedVE Electro-Mobility LimitedInterest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited)Sale of goods or servicesNA10270000000VE Commercial Vehicles LimitedVE Electro-Mobility LimitedInterest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited)Any other transactionRent of EVNA3220000000VE Commercial Vehicles LimitedVE Electro-Mobility LimitedInterest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited)Purchase of fixed assetsNA200000000VE Commercial Vehicles LimitedVE Electro-Mobility LimitedInterest in the form of common director (100% subsidiary of VE Commercial Vehicles Limited)Any other transactionReimbursement of expensesNA3590000000VE Commercial Vehicles LimitedVOLVO GROUP BELGIUM NVAs per Accounting Standards – Related PartySale of goods or servicesNA610000048000002900000VE Commercial Vehicles LimitedRENAULT TRUCKS GARE X2As per Accounting Standards – Related PartySale of goods or servicesNA100000300000100000VE Commercial Vehicles LimitedVOLVO PARTS CORPORATION, BelgiumAs per Accounting Standards – Related PartySale of goods or servicesNA14000001000000400000VE Commercial Vehicles LimitedVOLVO TECHNOLOGY AB -EURAs per Accounting Standards – Related PartySale of goods or servicesNA9000001600000100000VE Commercial Vehicles LimitedRENAULT TRUCKS LIMOGES ECH STDAs per Accounting Standards – Related PartyPurchase of goods or servicesNA-100000-100000-100000VE Commercial Vehicles LimitedRenaults Trucks Gare 89As per Accounting Standards – Related PartySale of goods or servicesNA1000000500000300000VE Commercial Vehicles LimitedRENAULT TRUCKS GARE G2Entity under the control of Co-venturer (AB Volvo)Sale of goods or servicesNA300000100000300000VE Commercial Vehicles LimitedVOLVO TRUCK CORPORATION SWEDENEntity under the control of Co-venturer (AB Volvo)Sale of goods or servicesNA390000016000001400000VE Commercial Vehicles LimitedMs. Neera AggarwalRelative of DirectorAny other transactionRent-Company Leased AccomodationNA20000000VE Commercial Vehicles LimitedMr. Inder Mohan SinghIndependent DirectorsAny other transactionSitting fees paidNA50000000VE Commercial Vehicles LimitedMr. Inder Mohan SinghIndependent DirectorsAny other transactionCommission paidNA160000000VE Commercial Vehicles LimitedMr. Inder Mohan SinghIndependent DirectorsAny other transactionReimbursement of expensesNA10000000VE Commercial Vehicles LimitedMrs. Lila Firoz PoonawallaIndependent DirectorsAny other transactionSitting fees paidNA50000000VE Commercial Vehicles LimitedMrs. Lila Firoz PoonawallaIndependent DirectorsAny other transactionCommission paidNA160000000VE Commercial Vehicles LimitedMrs. Lila Firoz PoonawallaIndependent DirectorsAny other transactionReimbursement of out of pocket expenseNA30000000VE Commercial Vehicles LimitedMr.Vinod AggarwalExecutive DirectorsRemunerationNA8210000000VE Commercial Vehicles LimitedMr.Praveen KumarKey Management PersonnelRemunerationNA650000000VE Commercial Vehicles LimitedMr.Ken TrolleKey Management PersonnelRemunerationNA2570000000VE Commercial Vehicles LimitedDr. S. GargiRelated party of Eicher Motors Limited, holding companyAny other transactionRentNA20000000VE Commercial Vehicles LimitedVolvo Construction Equipment ChinaAs per Accounting Standards – Related PartySale of goods or servicesNA27700000027700000VE Commercial Vehicles LimitedVE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited)Interest in the form of subsidiary of VE Commercial Vehicles Limited) w.e.f. 15.05.2024InvestmentNA260000000VE Commercial Vehicles LimitedVE Connected Solutions Private Limited (formerly Aquila Mobility Solutions Private Limited)Interest in the form of subsidiary of VE Commercial Vehicles Limited) w.e.f. 15.05.2024Purchase of goods or servicesNA426000000-14600000VE Commercial Vehicles LimitedVolvo construction equipment BrazilAs per Accounting Standards – Related PartySale of goods or servicesNA3770000000VE Commercial Vehicles LimitedVolvo Equipamentos de ConstrucaoAs per Accounting Standards – Related PartySale of goods or servicesNA2990000000VECV South Africa (Pty) Ltd.VOLVO PARTS CORPORATION, BelgiumAs per Accounting Standards – Related PartySale of goods or servicesNA20000000VE Connected Solutions Pvt. Ltd.Itriangle Infotech Pvt. Ltd.49% of share holding of VE Connected Solutions P LtdInvestmentNA002500000VE Connected SolutionsItriangle Infotech Pvt. Ltd.49% of share holding of VE Connected Solutions P LtdPurchase of goods or servicesNA2250000000VE Commercial Vehicles LimitedTMBP Ltd, ThailandAs per Accounting Standards – Related PartyPurchase of goods or servicesNA0215400000049708800000