Tata ‘Motor’ing down Brazilian roads (IIPM Publication)

Tata Motors Ltd. has revealed its plans to hold 51% in a joint venture pact with Brazil’s Marcopolo. The contract entails manufacturing of buses and coaches for Indian and overseas markets. An investment up to Rs.2 billion would be required to set up a new plant. The set up will have an initial capacity of 7,000 vehicles geared to make standard, luxury & city buses. With this joint venture with Marcopolo, Tata Motors would now be in a position to successfully address the growing demand in India.

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Source: Publication, IIPM