Eicher Motors and Volvo Group announce 50:50 JV for financing, leasing, and financial services business in India.
EML approves investment up to ₹750 Crores for 50% stake in Volvo Financial Services India.
JV will serve as captive financing arm for VECV, EML, and Volvo Group products in Indian market.
Transaction closing contingent upon regulatory approvals with fresh equity issuance to EML.