UPDATE 1-Volvo, India's Eicher finalise JV, Eicher shares jump

Newswire

(Adds details, share price) STOCKHOLM/NEW DELHI, May 26 (Reuters) - World number two truck maker Volvo and India's Eicher Motors Ltd said on Monday they had finalised an equal joint venture to make trucks in India, sending shares in the Indian firm up 20 percent. Volvo will own 45.6 percent of the joint venture company, called VE Commercial Vehicles Ltd, and buy an 8.1 percent stake in Eicher, leaving it with a direct and indirect ownership in the joint venture of 50 percent, Volvo said ...

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