Eicher Motors Limited — Others, 04-02-2025: Action(s) taken or orders passed

Eicher Motors Limited has received a GST demand order totaling ₹8.88 crore from the Additional Commissioner in Chennai, which includes a tax demand of ₹4.42 crore and a penalty of ₹4.46 crore. This order relates to GSTIN units across seven states from July 2017 to September 2023, primarily concerning HSN classification for spare part sales. The company believes the demands are unfounded and is considering appeals, expecting no significant impact on its financial health or operations. Investors may view this development with a positive outlook, given the company’s confidence in addressing the issue.