Eicher Motors Subsidiary VECV Increases Holding in VE Connected Solutions to 74%

Eicher Motors Ltd announced that VE Commercial Vehicles Ltd (VECV), its subsidiary, has approved a proposal to raise its stake in VE Connected Solutions Pvt Ltd (VECS) to 74% from 51%. The decision was approved at a board meeting held on May 18, 2026 and was communicated through a regulatory filing.  

Deal Structure 

The transaction involves the purchase of a 23% stake from iTriangle Infotech Pvt Ltd, the joint venture partner in VECS. After the deal, iTriangle’s shareholding will reduce to 26%, while VECV will hold the remaining 74%.  

VECV will acquire 1,15,000 shares of VECS at ₹95.80 per share. The total transaction value stands at ₹11.01 million and will be paid in cash. The acquisition is expected to be completed by July 31, 2026.  

The company also said no government or regulatory approvals are required for the transaction.  

About VE Connected Solutions 

VECS operates in the automotive connected solutions business. Its activities include software design and development, telematics, connected vehicle systems, automotive compliance services, and electric vehicle-related solutions.  

The company also works on fuel and cargo security systems, driver monitoring technologies, and related software and hardware services.  

VECS was incorporated on May 9, 2023. The joint venture between VECV and iTriangle was formed in May 2024, while operations began in August 2024.  

Financial Details 

For the financial year ended March 31, 2026, VECS reported turnover of ₹911 million. In FY25, the company had reported turnover of ₹330.4 million. The company currently operates in India.  

Eicher Motors said the higher stake would support VECV’s connected vehicle business and product development activities. The company added that the acquisition would be carried out at arm’s length and that the promoter group has no interest in the transaction. 

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Eicher Motors Share Price Performance  

As of May 19, 2026, 12:07 pm, Eicher Motors Ltd share price was trading at ₹6,884.50, down 0.41% from the previous closing price. 

Conclusion  

Following the transaction, VE Connected Solutions will continue operating as a subsidiary of VECV with a higher promoter holding. The deal will be completed through a cash consideration of ₹11.01 million. 

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