Eicher Arm VECV To Increase Stake in Connected Solutions Joint Venture to 74%

Key Highlights

• VECV to raise VECS stake from 51% to 74%.

• Deal value stands at INR 11.01 million.

• Acquisition to be completed by July 31, 2026.

• VECS reported INR 911 million turnover in FY2025-26.

• Focus areas include telematics and connected mobility solutions.

Eicher Motors subsidiary VE Commercial Vehicles (VECV) has approved an increase in its stake in VE Connected Solutions (VECS) from 51% to 74%, according to a regulatory filing.

The move is aimed at strengthening VECV’s presence in connected and digital mobility solutions for the commercial vehicle sector.

Also Read: Amazon India to Deploy 1,000 Eicher Electric Trucks for Quick Commerce Deliveries by 2028

VECV To Acquire Additional 23% Stake

As part of the transaction, VECV will acquire an additional 23% stake in VECS from existing joint venture partner iTriangle Infotech for a cash consideration of INR 11.01 million.

After the completion of the deal, iTriangle Infotech’s shareholding in VECS will reduce from 49% to 26%, while VECV’s ownership will rise to 74%.

The company stated that the acquisition will be completed on or before July 31, 2026.

About VE Connected Solutions

VE Connected Solutions, earlier known as Aquila Mobility Solutions Pvt Ltd, was established as a joint venture between VECV and iTriangle Infotech in May 2024. The company officially started operations in August 2024.

VECS focuses on connected and cost-effective mobility technologies for the automotive and commercial vehicle industry. Its business areas include:

• Telematics solutions

• Connected vehicle technologies

• Automotive compliance services

• Electric mobility solutions

• Cargo and fuel security systems

• Driver monitoring systems

The company plays an important role in supporting digital transformation and smart fleet management solutions in the transport sector.

Strong Revenue Growth Reported

VE Connected Solutions reported a turnover of INR 911 million in FY2025-26, showing significant growth compared to INR 330.4 million recorded in the previous financial year.

The sharp increase in revenue highlights the rising demand for connected mobility and telematics solutions in India’s commercial vehicle industry.

Share Purchase Details

Under the agreement, VECV will purchase 115,000 shares of VECS at a price of INR 95.80 per share.

The company also clarified that the transaction does not require any government or regulatory approvals.

Focus on Connected Mobility Expansion

With this increased stake, VECV aims to strengthen its capabilities in connected vehicle technologies and expand its portfolio of intelligent mobility solutions. The investment is expected to help the company develop more advanced, efficient, and cost-effective digital solutions for fleet operators and commercial vehicle customers in India.

Also Read: Apollo Tyres Plans More Price Hikes as Raw Material Costs Surge

CMV360 Says

VECV’s decision to increase its stake in VE Connected Solutions reflects the growing importance of connected mobility and digital technologies in India’s commercial vehicle sector. With strong revenue growth and rising demand for telematics and smart fleet solutions, the move is expected to strengthen VECV’s position in intelligent mobility services. The acquisition will also support the company’s long-term focus on electric mobility, vehicle monitoring systems, and cost-effective transport solutions for fleet operators across the country.