Eicher Motors buys U.S. firm for $2.5 million

Newswire

BOMBAY, May 25 (Reuters) - Indian commercial vehicle maker Eicher Motors Ltd. said on Wednesday its board had approved the acquisition of a U.S. engineering firm for $2.5 million. The board also approved the sale of Eicher's tractors and engine businesses to Tractors and Farm Equipment Ltd., a Madras-based firm, for 3.1 billion rupees, Ramesh Jain, managing director of Eicher's tractors unit, told Reuters. Shares in Eicher rose 10.8 percent to 357 rupees in a firm Bombay market.

Premium Content (PAID Subscription Required)

"Eicher Motors buys U.S. firm for $2.5 million" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
WardsAuto Blogs
Jul 11, 2014
blog

Tesla Salespeople Would Make Great Museum Curators

The automaker’s salespeople do a couple of things right but enough wrong to finish dead last in a mystery-shopping study....More
Jul 10, 2014
blog

Barra Driving Change at GM

Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More
Jul 1, 2014
blog

June 2014 U.S. Sales Thread (FINAL): Luxury Vehicles, Large Trucks Boost SAAR to 95-Month High

U.S. automakers dramatically outpaced expectations in June, raising the SAAR to its highest level since July 2006....More

Sponsored Introduction Continue on to (or wait seconds) ×