Source:http://news.moneycontrol.com/india/news/business/tata-marcopolo-bus-to-roll-outa-month/09/44/361065
The first product from the Tata Marcopolo Motors Ltd (TMML) bus plant at Dharwad will roll out in a month’s time.
“The trial production has already started. Final tests are going on. In less than a month’s time the first product will roll out,” Mr Prakash M. Telang, Tata Motors Executive Director – Commercial Vehicles, told Business Line. The first set of products will be buses in the light commercial vehicle segment.
The Dharwad plant, set up with an investment of Rs 325 crore, has an annual capacity of 30,000 vehicles. The plant is expected to produce about 2,000 buses in the current financial year.
“The plant is much larger than what we had planned earlier. It would be one of the largest plants of its kind in the world. We did this expansion because we believe the market is going to grow in India. Not only in India and but also in the entire Third World,” said Mr Telang.
Tata Marcopolo Motors is a joint venture between Tata Motors and Marcopolo, the Brazil-based company that is into body-building for buses and coaches, with Tata Motors holding 51 per cent stake and Marcopolo the balance.
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