DaimlerChrysler mulls to exit Tata Motors

3790 Investors following Eicher Motors. Share this News with them.

0

Like this story, share it with millions of investors on M3

DaimlerChrysler mulls to exit Tata Motors

The deal street is abuzzed with the news that DaimlerChrysler AG is planning to exit Tata Motors. The German vehicle maker is planning to offload its 6.8% stake in Tata Motors. DaimlerChrysler's stake is valued at Rs 2,000 crore.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS India Tata Motor's bond assigned 'BB+' rating Tata Motors gears up Tata Motors' Jun qtr PAT seen at Rs 316.4 cr ALSO READ See latest News about Eicher Motors See previous management interviews See what other Experts & Brokerages are saying about Eicher Motors Eicher Motors BSE | NSE 25/05/12 Are Mutual Funds betting on Eicher Motors? Other Stocks in this news Tata Motors |

The deal street is abuzz with the news that DaimlerChrysler AG is planning to exit Tata Motors . The German vehicle maker is planning to offload its 6.8% stake in Tata Motors. DaimlerChrysler's stake is valued at Rs 2,000 crore.

It is believed that DaimlerChrysler's this move is a precursor to its plan to increase stake in Eicher Motors . Earlier, CNBC-TV18 reported that the German vehicle maker is interested to hike its stake in Eicher to 18% from 3.6%.

Both DaimlerChrysler and Eicher are keen to strengthen their presence in the Indian commercial vehicle , or CV , market. The German vehicle maker's stake in Tata Motors is seen as a hurdle for achieving that goal as Tata in association with Daewoo has a good presence in the CV segment.