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Sharda Motor surges 10% on JV with Eberspaecher Exhaust Technology

The stock was up 10 per cent to Rs 1,539 on Tuesday, extending its previous day's 14 per cent rally on the BSE.

automobiles, vehicles, carmakers

SI Reporter Mumbai
Shares of Sharda Motor Industries (SMIL) were up 10 per cent to Rs 1,539 apieceon Tuesday, extending its previous day’s 14 per cent rally on the BSE, after the company formed a joint venture with Germany-based Eberspaecher Exhaust Technology International for business development of BS VI norms in commercial vehicle segment in India.

In future, in order to comply with the highest emission standard Bharat Stage VI, the new joint venture will develop, produce and sell exhaust after-treatment systems for Indian commercial vehicle manufacturers. The products will be utilized in trucks and buses from 2020 onwards.

SMIL, the

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First Published: Feb 26 2019 | 1:03 PM IST

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