Commercial vehicles manufacturer Eicher Motors clarified that the buy-back of its shares announced on Oct.30, 2008 would be at a fixed price of Rs 691.68 for each equity share instead of the earlier quoted statement`at a price not exceeding Rs 691.68` by the company. More
Courtesy: indiacar.net
Commercial vehicles manufacturer Eicher Motors on Thursday said that it has approved the proposal to buy-back its equity shares following a request to this effect from promoters.
The board of directors of the firm, approved the buy-back offer upon request of its promoters and principal shareholders - Eicher Goodearth Investments Ltd (EGIL), Eicher Motors said in […]
In June 2005, Tractors and farm equipment (TAFE) acquired the tractor, engines and gear businesses from Eicher group for Rs 310 crore. They were vested with the new subsidiary, Tafe Tractors and Motors (TMTL). That time, it triggered a major consolidation in the tractor industry and moved TAFE closer to leader, Mahindra & Mahindra. […]
India`s Eicher Motors and joint venture (JV) partner, Swedish truck-maker Volvo, are planning to launch two new heavy-duty commercial vehicles in couple of years, reports Economic Times.
The joint venture, called VE Commercial Vehicles (VECV) includes Eicher`s commercial vehicles business along with its engineering components and engineering solutions businesses, besides Volvo`s India truck sales and distribution […]
A joint venture between India’s Eicher Motors and Swedish truck-maker Volvo plans to launch two new heavy-duty commercial vehicles in two years, a top official of Eicher Motors said.
The joint venture, called VE Commercial Vehicles (VECV) includes Eicher’s commercial vehicles business along with its engineering components and engineering solutions businesses, besides Volvo’s India truck sales […]
Eicher Motors on Monday, August 25 announced that it will hike prices of three of its `Royal Enfield` motorbike models starting from September 1, due to increase in the costs of raw material, reports Economic times. Read more
Courtesy: indiacar.net
Homegrown commercial vehicle manufacturer Eicher Motors and the world’s second largest truck maker Volvo today formalised their joint venture, in which the Swedish auto major will pump in Rs 1082.1 crore.
While Eicher Motors Ltd (EML) will hold 54.4 per cent stake in the joint venture, Volvo will hold the rest 45.6 per cent. Volvo, by […]
Eicher Motors said that the board of directors of the company at its meeting held on Jan. 29, 2008, approved transfer of company`s commercial vehicle division (including components and engineering design services) on a `slump sale` and on a going concern basis, to a new subsidiary of the company. More
Courtesy:www.indiacar.net
Truck maker Eicher Motors Ltd has entered into a preliminary agreement to sell about 300 trucks to Patel Integrated Logistics Ltd, an Eicher spokeswoman said on Wednesday.
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Courtesy:economictimes.indiatimes.com
German auto major Daimler will hold 60% stake in its commercial vehicle joint venture in India with the Hero group holding the remaining 40%. The total investment in the project will be around Rs 3,500 crore, although the final numbers are still being worked out. Daimler’s investment in the venture will be around Rs 1,650 […]