TATA MARCOPOLO BUS LICENSE

It has manufacturing facilities in Dharwad and Lucknow where it builds bus bodies on chassis supplied by the Company and marketed by the Tata Motors under the 'Starbus' and 'Starbus Ultra' bus brands. Tata Marcopolo Motors was one of the first to introduce low-floor passenger buses for public transportation in Delhi, Mumbai and other cities. and TMML intend to maintain an open channel for future collaboration opportunities around bus body designs and technical consulting services,' Tata Motors said. 'The transaction will not result in any impact on TMML's operations or the continued sales and service of the Company's customers.

TATA MARCOPOLO BUS LICENSE

will continue to license the 'Marcopolo' trademarks to TMML for a minimum of 3 years with a non-compete provision in India for a corresponding period. In addition as part of the transition, Marcopolo S.A. Post the purchase, all technologies pertaining to existing bus body products manufactured will continue to vest with TMML, it added.Īlso Read: Maruti to come up with 'Baleno-based' new compact SUV

It is available in India at a starting price tag of. The proposed acquisition would be completed by February 28, 2021, the company said.Īfter a successful venture in India, and as a consequence of its refreshed business strategy, Marcopolo S.A has decided to exit from the JV and offered to sell its 49 per cent shareholding in the JV to the company, Tata Motors said. Tata Starbus City is a bus with 123 HP, 2956-3800 CC engine capacity. The state-of-the-art bus manufacturing facility of Tata Marcopolo Motors Limited at Dharwad (Karnataka) has begun commercial production. In addition, thanks to the old partnership, Marcopolo helps with future concepts and technology. Marcopolo is responsible for manufacturing ready-to-drive buses and coaches. Also Read: Tata Motors offers VRS scheme to employees auto major's 3rd in four years Tata Marcopolo, also known as TMML or Tata Marcopolo Motors Ltd.), is a 49:51 joint venture company of Tata Motors & Brazilian bus manufacturer Marcopolo S.A.

Tata marcopolo bus