This splendid looking truck is an Indian-built Eicher Galaxy High-Roof. And why is Biglorryblog showing you a picture of it? Because the Volvo Group has now finalised the long-awaited deal with Eicher Motors which establishes a new Indian joint-venture company, VE Commercial Vehicles Limited. The transaction has been approved by the necessary authorities and 50% of the joint-venture company has been consolidated in the Volvo Group from August 1st 2008. The joint venture will contain all of Eicher Motor's truck and bus operations as well as the Volvo Group's Indian truck sales operations and truck and bus service operations. As previously announced, Volvo Group has paid INR 13,200M (£ 166.5m) as part of the deal.
And that's all you need to know for the moment. Of course if you want further analysis what better way to get it than to visit BLB's old blogging co-evil Ollie Dixon's World Truck Blog where you'll find OD being insightful (and rude) regarding all and sundry...just as you'd expect really.