Asset financing company Magma Fincorp today entered into an agreement with VE Commercial Vehicles for financing Eicher range of trucks and buses.
Vice-Chairman and Managing Director of Magma Fincorp Sanjay Chamria said in a statement that the agreement would help the company in aligning with the growth trajectory.
VE Commercial Vehicles had been formed as a 50:50 joint venture between Volvo group and Eicher Motors.
Chamria said that Magma is currently managing assets to the tune of Rs 9,390 crore.