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

Read more on:    Volvo | Auto | Eicher Motors
Related News

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:   
|
|

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 ...

Quick Links

 

Market News

Cairn India puts up a good show

Medium-term prospects remain good, but company faces challenges on the production front

Wonderla IPO subscribed 38 times

The Wonderla Holidays initial public offering got applications worth Rs 6,800 crore against its size of Rs 180 crore, as it drew investors ...

L&T Finance's asset stress rises

But improving profits of smaller subsidiaries are likely to sustain

Deepak Fertilisers: Boost in case of MCF acquisition

Deepak Fertilisers, earlier in July last year, had brought 24.45% stake in MCF

Edelweiss announces buyback at Rs 45 a share

The total amount on the buyback will not exceed Rs 135 cr

Back to Top