Eicher Motors and Volvo Group establish joint venture in India
after close1 source ↓written by the desknot a recommendation
- focused
- 50:50 joint venture
- invest
- ₹750 cr
- in Volvo Financial
- 50% stake
Eicher Motors Limited and Volvo Group plan to form a 50:50 joint venture focused on financing and leasing for the commercial vehicle sector in India. Eicher Motors will invest up to ₹750 cr for a 50% stake in Volvo Financial Services India. This venture enhances their long-standing partnership in the commercial vehicle market.
The joint venture aims to provide tailored financial solutions, potentially boosting sales and customer engagement in the growing mobility sector. 📈
Not investment advice. For informational purposes only.