Date:03/11/2009 URL: http://www.thehindubusinessline.com/2009/11/03/stories/2009110351651000.htm

Back Eicher arm may partner Swedish co

New Delhi, Nov. 2

Eicher Motors Ltd (EML) has informed the NSE that its subsidiary company VE Commercial Vehicles (VECV) is looking to enter into a joint venture with Swedish firm Vinn Group AB in the field of Engineering Design Services.Vinn Group AB is a joint venture between Vinn Group and Volvo Technology Transfer AB (VTT), a wholly owned subsidiary of AB Volvo. VECV would look to align its engineering design services division along with EES Inc, USA and its two subsidiaries in China, c ollectively referred as ‘EES Division’. This division currently contributes around 2 per cent of VECV’s consolidated revenues and around 1.7 per cent of EML’s consolidated revenues. An MoU for this purpose is being signed between VECV and Vinn Group.

— Our Bureau