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Eicher Motors’ arm divests 100% stake in Eicher Engineering Solutions

20 Mar 2017 Evaluate

Eicher Motors’ subsidiary - VE Commercial Vehicles (VECV), has sold its entire stake in its subsidiary Eicher Engineering Solutions, Inc. to Segula Tecnologias Espana on March 17, 2017. The total enterprise value of this deal is $1,852,000.

Consequently, Eicher Engineering Solutions, Inc. and its wholly owned subsidiaries, Eicher Engineering Solutions (Shanghai) Co. and Eicher Engineering Solutions (Beijing) Co. have ceased to be subsidiaries of VECV and in turn of the company with effect from March 17, 2017.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.


Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
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