India govt OKs Volvo investment in Eicher JV

Thu Jul 24, 2008 5:09am EDT
 
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NEW DELHI, July 24 (Reuters) - India's cabinet on Thursday approved Swedish truck maker Volvo's (VOLVb.ST) investment of $275 million in a joint venture with commercial vehicle maker Eicher Motors Ltd (EICH.BO).

Volvo will own 45.6 percent of the joint venture company, a government statement said. (Reporting by Rakesh Sharma, Editing by Mark Williams)

 
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