• search

Tata Motors

By Staff
Subscribe to Oneindia News

Mumbai, May 5 (UNI) Tata Motors Ltd from India and Marcopolo of Brazil, have announced setting up of a joint venture company in India to manufacture and assemble fully-built buses and coaches.

The joint venture - with Tata motors holding 51 per cent of the equity and Marcopolo 49 per cent - will set up a new manufacturing facility to be operational in a year's time. It will produce variety of buses including 16 to 54-seater standard buses, 18 and 45 seater luxury buses, luxury coaches, and low-floor city buses. The joint venture will also explore emerging opportunities in Bus Rapid Transit System, a company release informed the BSE today.

Tata Motors chairman Ratan Tata, said, "The rapidly expanding and improving road network, connecting cities and also rural areas, is expected to substantially grow passenger transport. The joint venture with Marcopolo, which is one of the largest bus body builders, will enable Tata Motors to successfully address the growing demand in India, as well as relevant markets abroad." In the joint venture, Tata motors will provide help in technology and expertise in chassis and aggregates, whereas expertise, know-how in processes and systems for bus bodybuilding and body design would come from Marcopolo. Both Companies will actively participate in the management. The buses will conform to international standards in quality and safety, and will be marketed not only in India but also in all the company focussed markets globally.

UNI VS PM NV1406

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more