Eicher Motors Enters Financial Services With Volvo Group

25 May 2026 CW Team

Eicher Motors Limited and Volvo Group have announced an intent to form a 50:50 joint venture to provide financing, leasing and other financial services in India. The board of Eicher Motors has approved an investment of up to Rs 7.5 bn to subscribe to a 50 per cent equity stake in Volvo Financial Services (VFS) India. The new entity is intended to act as a captive financier for Eicher, Volvo and related businesses.

Eicher Motors maintains a long-standing partnership with Volvo Group through their joint venture, VE Commercial Vehicles Limited, and the proposed arrangement is designed to align financing more closely with product sales. The joint venture will serve as the captive financing arm for vehicles and related products, supporting dealers and customers with tailored finance solutions. The companies expect the structure to strengthen distribution and after-sales financing capabilities.

The chairman of Eicher Motors explained that the move expands an 18-year collaboration with Volvo Group and brings together Volvo’s global financial services expertise with Eicher’s local market knowledge and network. He indicated the joint venture will serve Eicher, Volvo and Royal Enfield customers in India and will allow Eicher to operate in an important segment of the value chain. The firm suggested financing will be used as a lever to improve customer experience and accelerate business growth.

VFS is the Volvo Group’s captive finance provider and reported assets under management of about USD 27.4 bn globally. VFS India has operated for more than a decade and reported assets under management of Rs 18.25 bn as of 31 March 2026. The transaction remains subject to regulatory approvals and the final investment amount will be determined at closing when fresh equity shares are issued to Eicher Motors.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..