Courtesy:www.indiacar.net
Archive for the 'Eicher motors' Category
Eicher Motors to hive-off commercial vehicle arm
Published January 31st, 2008 in Eicher motors. 0 CommentsCourtesy:www.indiacar.net
Eicher, Patel Integrated in initial pact for truck sale
Published January 16th, 2008 in Eicher motors. 0 CommentsMore
Courtesy:economictimes.indiatimes.com
Daimler to hold 60% stake in bus & truck JV with Hero
Published December 27th, 2007 in Tata Motors, DaimlerChrysler India, Nissan, Ashok Leyland and Eicher motors. 0 CommentsWhile Daimler and Hero had announced plans for a JV earlier this month, but they did not give out the details then. These figures were communicated by the German company to the government last week. The proposed Rs 3,500-crore investment makes this JV the biggest of the four commercial vehicle partnerships announced this year, namely Tata-Iveco, Nissan-Ashok Leyland and Volvo Eicher. More
Courtesy:economictimes.indiatimes.com
Hero drives with Daimler for 4-wheeler foray
Published December 15th, 2007 in Nissan, Ashok Leyland, volvo and Eicher motors. 0 CommentsThe joint venture between the Hero Group and Daimler Trucks would include manufacturing of light, medium and heavy commercial vehicles for which a proposal will be submitted to the Foreign Investment Promotion Board. More
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Daimler has few options for India truck partner
Published December 13th, 2007 in DaimlerChrysler India, Nissan, Ashok Leyland and Eicher motors. 0 CommentsDaimler AG is running out of options as it seeks a local partner to crack India’s fast-growing truck market, but a Hero may yet come to its rescue. Daimler, the world’s largest maker of medium- and heavy-duty trucks, is targeting emerging markets and has said it had found a partner for India.
On Thursday, a spokesman in India reiterated Daimler was very close to making an announcement after local media said a deal may be finalised in a week. More
Courtesy:economictimes.indiatimes.com
Porwal Auto to diversify into car components
Published December 13th, 2007 in Eicher motors. 0 CommentsPorwal Auto Components today said it wanted to diversify into car components aiming to generate about 40-50 per cent of the revenue from this segment by 2010.
“We are first putting up 18,000 tonne per annum capacity high pressure moulding line which would produce cylinder blocks for car engines. The first line would help us to generate close to 15 per cent of our total revenue from the car component business,” Porwal Auto chairman Surendra Jain said here. More
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Eicher’s fundamentals pump up valuation
Published December 10th, 2007 in volvo, Eicher motors and Tafe. 0 Comments For a David in a market of Goliaths, Eicher manages to attract a great deal of respect both from its domestic as well as global rivals. Its valuation luck held out when Tafe bought its tractor business for Rs 310 crore two years ago. Although the exact valuation of the 8% that Volvo is picking up in Eicher Motors isn’t confirmed, the buzz is that the premium is fairly decent.
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Courtesy:economictimes.indiatimes.com
Another marriage of frugal engg with high tech
Published December 10th, 2007 in Mahendra&Mahendra, Nissan, Ashok Leyland and Eicher motors. 0 CommentsIt is yet another marriage of frugal engineering with high technology. The joint venture announced on Monday between Swedish multinational, Volvo A.B., and Eicher Motors follows the same pattern as three other partnerships that were forged in the recent past ? Ashok Leyland-Nissan Motors, Mahindra & Mahindra- ITEC, and Force Motors-MAN A.G.
The mantra behind these joint ventures was efficient, low-cost manufacturing using high-end global technology and the Volvo-Eicher tie-up is no different. For Volvo, Eicher was the best and possibly, only effective pick available in the high potential commercial vehicles market, already the fourth largest in the world. More
Courtesy:www.indiacar.net
Volvo in truck with Eicher for CVs
Published December 10th, 2007 in volvo and Eicher motors. 0 CommentsSwedish truck giant AB Volvo is acquiring a 50% economic interest in Eicher Motors’ (EML) commercial vehicles business, which is being spun off into a new joint venture (JV) company.
Volvo will invest $350 million for a 45.6% stake in the JV. In addition, it also intends to acquire 8.1% stake in EML from its Delhi-based promoters for an undisclosed amount, which will take its direct and indirect ownership to 50% of JV company. ET broke the story in its Monday edition. EML will directly hold 54.4% in the joint venture. A Letter of Intent (LoI) to this effect was signed on Monday. More
Courtesy:economictimes.indiatimes.com
Eicher Motors down as market expected better deal
Published December 10th, 2007 in volvo and Eicher motors. 0 CommentsEicher Motors tumbled on the market after the announcement of its proposed joint venture with Volvo as Dalal Street had factored in a better price of company?s total business (sans motor cycles). The stock closed down 12.5 per cent at Rs 477 after touching an intra-day low of Rs 442.
Volvo stock also had plunged in the negative territory in early trades on the Stockholm Stock Exchange but recovered later and was trading in the green in the closing hour. It finished up more than 1 per cent. More
Courtesy:www.indiacar.net
