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Tata Motors, Brazil's Marcopolo in JV

The JV will set up a new manufacturing facility, which will go on stream in a year, and make a range of standard and luxury buses.

india Updated: May 05, 2006 13:37 IST
Reuters
Reuters
None

India's biggest bus and truck maker, Tata Motors Ltd, said on Friday it would hold 51 per cent in a joint venture with Brazil's Marcopolo to make buses and coaches for Indian and overseas markets.

The joint venture will set up a new manufacturing facility, which will go on stream in a year, and make a range of standard and luxury buses, a statement from Tata Motors said.

The joint venture will also explore opportunities in "bus rapid transit system", the statement said.

No financial details were available.

First Published: May 05, 2006 13:37 IST