Tata Motors to launch passenger and commercial vehicles in Myanmar
Last Updated at
- 07:27 pm, May 28, 2012
Tata Motors badged cars will soon be spotted on streets on Myanmar following the company's tie-up with AGI, Myanmar.
In the coming months, Tata Motors badged vehicles will also be spotted on the streets of Myanmar, following the announcement made by the Indian automaker today of having entered into an agreement with Apex Greatest Industrial Co Ltd (AGI) Myanmar for the sale of Tata Motor's passenger and commercial vehicles in the South East Asian country.
The purchase and sale agreement was signed on May 26 at Myanmar's capital city of Nay Pyi Taw by Mr R T Wasaan, head of inter nation business - commercial vehicles an Mr Johnny Oommen, head of international business - passenger vehicles on behalf of Tata Motors and the chairman of AGI Myanmar, Mr U Kyi Thein.
In March 2010, Tata Motors had signed a turnkey contract with Myanmar Automobile & Diesel Industries Limited (MADI), an enterprise under the Government of Myanmar’s Ministry of Industry-2, for setting up a heavy truck assembly plant, at Magwe, in central Myanmar, funded by a US$ 20 million Line of Credit from the Government of India. The plant, inaugurated in December 2010, is now operational.
With a highly flexible chassis & frame assembly line, along with cab manufacturing, paint shop and trimming set-up, the plant has a capacity of producing 1,000 vehicles per annum initially and has the flexibility of augmenting up to 5,000 per year.
First Published on 07:27 pm, May 28, 2012
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