Eicher Motors surges on getting nod to invest Rs 750 crore in Volvo Financial Services (India)

Eicher Motors Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 505200 | NSE: EICHERMOT

22 May 2026 Evaluate

Eicher Motors is currently trading at Rs. 6996.00, up by 96.35 points or 1.40% from its previous closing of Rs. 6899.65 on the BSE.

The scrip opened at Rs. 6915.65 and has touched a high and low of Rs. 7039.50 and Rs. 6908.50 respectively. So far 23318 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 8232.80 on 27-Feb-2026 and a 52 week low of Rs. 5224.85 on 13-Jun-2025.

Last one week high and low of the scrip stood at Rs. 7,470.00 and Rs. 6751.00 respectively. The current market cap of the company is Rs. 191690.77 crore.

The promoters holding in the company stood at 49.06%, while Institutions and Non-Institutions held 41.60% and 9.34% respectively.

Eicher Motors (EML) has received approval for an investment of up to Rs 750 crore as cash consideration towards subscription of 50% of the equity share capital of Volvo Financial Services (India) (VFS India) and formation of a joint venture (JV) for undertaking the business of providing financial services in India, subject to the approval of the Reserve Bank of India.

VFS India is the Volvo Group’s captive finance provider, offering tailored financial solutions to Volvo’s customers and dealers around the world. The proposed JV will combine VFS’ strength and understanding in the financial services with Eicher’s expansive product portfolio, network and deep market understanding to capture new business in a more aligned and efficient manner. The proposed JV will also deepen integration to accelerate decision-making and help customers in easily accessing financing solutions. Upon closing of the transaction, contingent upon regulatory approvals, fresh equity shares of the Proposed JV Entity will be issued to EML. The exact investment will be determined at the time of closing, as per the transaction documents. The Board of Directors of the company at its meeting held on May 21, 2026, has, inter alia, considered and approved the same.

Eicher Motors is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors Share Price

7107.45 -14.35 (-0.20%)

04-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Auto	10362.35
Hero MotoCorp	4883.65
TVS Motor	3361.95
Eicher Motors	7107.45
Ather Energy	988.20
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