Tata Motors enters into distribution agreement in Myanmar

0
29

tataTata Motors has entered  into an agreement with Apex Greatest Industrial Co Ltd. (AGI), Myanmar, for the  distribution of Tata Motors’ commercial vehicles and passenger cars in Myanmar.

The purchase & sale  agreement was signed on May 26, at Myanmar’s capital city of Nay Pyi Taw, by  Mr. R. T. Wasan, Head – International Business (Commercial Vehicles) and Mr.  Johnny Oommen, Head – International Business (Passenger Vehicles), on behalf of  Tata Motors, and the Chairman of AGI Myanmar, Mr. U Kyi Thein.

In  March 2010, Tata Motors had signed a turnkey contract with Myanma Automobile  & Diesel Industries Limited (MADI), an enterprise under the Government of  Myanmar’s Ministry of Industry-2, for setting up a heavy truck assembly plant,  at Magwe, in central Myanmar, funded by a US$ 20 million Line of Credit from  the Government of India. The plant, inaugurated in December 2010, is now  operational.

With a highly flexible  chassis & frame assembly line, along with cab manufacturing, paint shop and  trimming set-up, the plant  has a capacity of producing 1,000 vehicles per annum initially and has the  flexibility of augmenting up to 5,000 per year.