Business Standard

Eicher Motors gains on Volvo investment plans in JV

Volvo proposed to invest around Rs 1,800 crore in joint venture company, VE Commercial Vehicles

Related News

Eicher Motors is trading higher by 4% to Rs 2,419 on back of heavy volumes after Swedish truck, bus and earth-moving equipment maker proposed to invest around Rs 1,800 crore in joint venture company, VE Commercial Vehicles.

“Volvo announced it planned to invest Rs 3,800 crore in India through the next few years. Of this, Rs 1,800 crore would be invested in its joint venture with Eicher Motors. The remaining amount would go towards enhancing its own operations,” the Business Standard report suggests.

VE Commercial Vehicles, which sells the Volvo brand of trucks and Eicher-branded trucks and buses.

The stock opened at Rs 2,350 and hit a high of Rs 2,447 on the BSE. As many as a combined 250,993 shares have already changed hands on the counter so far against an average less than 40,000 shares that were traded daily in past two weeks.

Read more on:   
|
|

Eicher Motors gains on Volvo investment plans in JV

Volvo proposed to invest around Rs 1,800 crore in joint venture company, VE Commercial Vehicles

Eicher Motors is trading higher by 4% to Rs 2,419 on back of heavy volumes after Swedish truck, bus and earth-moving equipment maker Volvo proposed to invest around Rs 1,800 crore in joint venture company, VE Commercial Vehicles.

Eicher Motors is trading higher by 4% to Rs 2,419 on back of heavy volumes after Swedish truck, bus and earth-moving equipment maker proposed to invest around Rs 1,800 crore in joint venture company, VE Commercial Vehicles.

“Volvo announced it planned to invest Rs 3,800 crore in India through the next few years. Of this, Rs 1,800 crore would be invested in its joint venture with Eicher Motors. The remaining amount would go towards enhancing its own operations,” the Business Standard report suggests.

VE Commercial Vehicles, which sells the Volvo brand of trucks and Eicher-branded trucks and buses.

The stock opened at Rs 2,350 and hit a high of Rs 2,447 on the BSE. As many as a combined 250,993 shares have already changed hands on the counter so far against an average less than 40,000 shares that were traded daily in past two weeks.

image

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top