Eicher founders may sell majority stake - paper

Newswire

MUMBAI, July 30 (Reuters) - Founders of truck maker Eicher Motors Ltd. are exploring selling their majority holding to a global commercial vehicle maker, the Hindustan Times daily reported on Monday quoting sources. DaimlerChrysler , which already holds a 3.56 percent indirect stake in the company, is tipped to be the front runner, the paper said. Daimler wanted a majority stake in Eicher as part of its long-term India strategy. Eicher's founders own about 58 percent of the firm. ...

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