General Electric (GE) is selling its India commercial-vehicle and construction-equipment loan...

|About: General Electric Company (GE)|By:, SA News Editor

General Electric (GE) is selling its India commercial-vehicle and construction-equipment loan business to Shriram Transport Finance Co. for 11B rupees ($235M). The acquisition will help Shriram expand its business of financing new vehicle purchases, as demand picks up amid an auto industry recovery.