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Mumbai:
According to a
report in today''s Hindustan Times, the founders of truck maker Eicher Motors
Ltd. are mulling divesting their 58 per cent majority stake to a global commercial
vehicle maker. The
report, quoting unnamed sources, said German automaker DaimlerChrysler, which
already holds a 3.56-per cent indirect stake in the company, which wants a majority
stake in Eicher as part of its long-term India strategy, the paper said. Daimler,
which also holds a 6.6 per cent stake in Tata Motors, imports the Actros range
of trucks in India and also plans to assemble semi-knocked down trucks. It
is building a plant in Pune to make 5,000 luxury Mercedes cars a year. The
company last week said it plans to evaluate "strategic partnership opportunities"
and would evaluate all opportunities. Media
reports have said global truck makers including Daimler and Hyundai Motor were
eyeing a stake in Eicher.
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