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Volvo offloads 4.7% stake in Eicher Motors for $310 million

05 Mar 2015 Evaluate

Swedish commercial vehicle major AB Volvo has offloaded 12.7 lakh shares or around 4.7% stake in Eicher Motors for $310 million. Moreover, the company said that the divestment will have no bearing whatsoever on VE Commercial Vehicles (VECV), which will continue to be governed as an equal partnership venture. The shareholding pattern and governance framework of VECV remains unchanged.

VECV’s business includes the complete range of Eicher trucks and buses, VE Powertrain, Eicher’s components and engineering design services businesses as well as the sales and distribution business of Volvo trucks within India.

 

Eicher Motors Share Price

7300.10 -29.50 (-0.40%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 10710.85
Hero MotoCorp 5321.50
TVS Motor 3692.45
Eicher Motors 7300.10
Ather Energy 915.00
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