VECommercial Vehicles (VECV)hasdivested 100per centshares of Eicher Engineering Solutions Inc (wholly owned subsidiaryof VECV) in theUStoSegulaTecnologias Espana, SAU, a Spanish corporation. The totalenterprise value of this deal is $1,852,000.

Commentingon this divestment, VinodAggarwal, ManagingDirector& CEO,VECV,said,?This divestment is part of VECV?s focused plans towards drivingmodernisationin commercial transportation in India and the developing world. Ourimmediate business outlook continues to remain positive and we are ontrack with all our strategic plans and initiatives.?

VECVis a joint venture between Eicher Motors and the Volvo Group.