Eicher Motors Limited — JV/Acquisition, 21-05-2026: Acquisition

Eicher Motors is acquiring a 50% stake in Volvo Financial Services India for up to Rs. 750 Cr, forming a joint venture. This strategic move creates a captive finance arm, deeply integrating financial services into Eicher's value chain. It aims to support customers of Eicher, VECV, and Volvo in India. The acquired entity, with Rs. 1825 Cr in Assets Under Management and Rs. 174.98 Cr turnover (FY26), enhances Eicher's market offerings and strengthens its sales ecosystem, operating under a 50:50 shared control structure.