Tata Motors enters into distribution agreement in Myanmar







Published by Gerald Ferreira Date: May 28, 2012
Categories: TATA Corporate News, Tata

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.