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Volvo invests in Indian truck joint venture
- Tuesday, December 11 - 2007 at 10:13
Swedish car maker Volvo, the world's second-largest truck maker, is to invest $350m in the Indian market through a joint venture with Eicher Motors. Global truck makers are eager for a larger share of an Indian market, the world's fifth-biggest. Volvo will buy 8.1 per cent in Eicher Motors, India's third-biggest truck maker, giving it 50 per cent in the venture.
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Amena Bakr, Senior ReporterTuesday, December 11 - 2007 at 10:13 UAE local time (GMT+4)
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