22 March, 2010
Tata Motors today 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 plant, at Magwe, approximately 480 km from Yangon, funded by a Line of Credit from the Government of India.
The facilities planned at the plant include a highly flexible chassis & frame assembly line along with a cab manufacturing, painting & trimming set-up. The plant is expected to become operational by the last quarter of 2010-11, with a capacity of 1,000 vehicles per year. The capacity can be expanded to 5,000 units.
About Tata Motors
Tata Motors is India’s largest automobile company, with consolidated revenues of Rs.70,938.85 crores ($ 14 billion) in 2008-09. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 4 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world’s fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com )