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AutomobilesMedium impactPre-market

Volvo and Eicher Motors form ₹750 crore joint venture

pre-market1 source ↓written by the desknot a recommendation

joint venture
₹750 crore

Volvo Financial Services and Eicher Motors Limited have announced a ₹750 crore joint venture in India. This equal partnership aims to provide financing and leasing solutions for Volvo and Eicher commercial vehicles, leveraging VFS’s global expertise and Eicher’s extensive dealer network.

This initiative is expected to enhance access to tailored funding for transport operators, potentially boosting sales in the commercial vehicle sector. 📈

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 May 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

EICHERMOT closed +6.2% on the day of the news, from ₹6,981.50 to ₹7,414.00; Nifty +1.3% over the same session; futures OI −0.5%.

Bulletin at 07:03 IST on 24 May 2026. Every change is measured from ₹6,981.50, the last close before it, on 22 May. Nifty 50 is measured over the same sessions.

  • EICHERMOT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
EICHERMOT closes around the bulletin against the close before the news, with Nifty 50 rebased to it647069827493axis spans 16%before the news · 22 May6982Nifty 50EICHERMOTbulletinD0+1+3+518 May29 May9 JunFutures open interest, lotspeak 36,000Reference close ₹6,981.50. 16 sessions from 18 May to 9 Jun; the price axis spans 16 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before22 May₹6,981.50basebase
On the day25 May₹7,414.00▲ +6.2%▲ +1.3%+4.9 pp difference
+1 session26 May₹7,376.00▲ +5.7%▲ +0.8%+4.8 pp difference
+3 sessions29 May₹7,177.00▲ +2.8%▼ −0.7%+3.5 pp difference
+5 sessions2 Jun₹7,141.50▲ +2.3%▼ −1.0%+3.3 pp difference
Gap at the open, % · ₹
▲ +3.7%+255.52 on 25 May
Day's range, % · ₹
3.1%≈ 220 high to low
Volume on the day
2.98×the 20-session average
Futures OI on the day
▼ −0.5%−160 lots · short covering · price +6.2%
Futures OI open, lots
34,00025 May · 26 May expiry
Futures premium, ₹
+10.50+0.1% to spot
Puts per call, by OI
0.77from 0.63 the session before
Max pain
7,250from 7,000 the session before

Source NSE UDiFF bhavcopy · EICHERMOT on the desk →

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