Eicher Motor's board, at its meeting held today, has approved the company's sale of tractors, engines and gears division to TAFE Motors and Tractors - a wholly owned subsidiary of Tractors and Farm Equipment.According to a release issued by Eicher Motors to the BSE, the company, subject to the shareholders approvoal, is planning to sell the above mentioned divisions for a consideration of Rs 310 crore.The board has also given its nod to acquire a US based company engaged in computer aided engineering and design services with an investment up to $2.5 million, the release said.
