![]() ![]() They are working with the latest technology to maintain the manufacturing standard. 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. Brazil’s Marcopolo S.A., one of the world’s largest bus and coach manufacturers, has agreed to sell its 49 shareholding in Tata Marcopolo Motors Ltd. The Tata Marcopolo Motors Limited is a joint venture manufacturing a range of buses in India that are used as local passenger transport in many Indian cities. Joint venture with Marcopolo, Brazil Tata Motors, India's largest automobile. In addition, as part of the transition, Marcopolo S.A. Hispano has proven competence in development of buses and coaches. In its official statement, Tata Motors said, "All technologies pertaining to existing bus body products manufactured will continue to vest with TMML. The two companies entered this 51:49 JV in 2006 to form one of the largest bus and coach manufacturers globally, however, the Brazilian bus and coach manufacturer has now decided to exit from the JV.Īlso Read: Tata Motors Delivers 26 Low Floor AC Electric Buses To BrihanMumbai Electric Supply and Transport In Mumbai The Tata Starbus is the most sold fully-built bus brand in the country and has been synonymous. Tata Motors, India’s largest commercial vehicle manufacturer, celebrates 1 lakh Starbus customers. 99.96 crore, post which, TMML will become a wholly-owned subsidiary of Tata Motors. Available in varied applications, the state-of-the-art buses are designed for reliability, comfortable travel and ease of driving. The homegrown carmaker has said that it will procure the remaining shares for a cash consideration of Rs. to buy the remaining 49 per cent shareholding in their Joint Venture (JV) Tata Marcopolo Motors Limited (TMML). Tata Motors has announced entering into a share purchase agreement with Marcopolo S.A. Have you ever wondered how the bus manufacturing is being done in India or in general how a bus is made If yes, here is your answer served by the Tata Motor.
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