Volvo to buy 8% stake in Eicher Motors

Eicher Motors Limited in an annoucement made to the stock exchanges has informed that the company has signed a Letter of Intent with AB Volvo Group to form a Joint Venture company. Volvo will buy around 8 per cent stake in Eicher Motors Limited and Volvo’s Indian Truck sales and the service network would also be bought under the newly formed joint venture company.

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