“The transaction will not result in any impact on TMML’s operations or the continued sales and service of the Company’s customers. The company received 300 bus orders from some state governments of India, each bus costing around 1 crore. recently Tata Marcopolo came with the Y1 electrical buses. Tata Motors will buy the 49 percent stake held by its partner Marcopolo in the bus-making joint venture for Rs 100 crore bringing curtains to the 14-year old partnership and paving the way.
And it was able to get customers and viewers attention.
Cost of tata marcopolo bus license#
will continue to license the “Marcopolo” trademarks to TMML for a minimum of 3 years with a non-compete provision in India for a corresponding period, the company said in a statement on Thursday. Tata Marcopolo busses were seen on the BUS WORLD exhibition too. In addition as part of the transition, Marcopolo S.A. All technologies pertaining to existing bus body products manufactured will continue to vest with TMML. A statement to this effect confirmed that the acquisition would be. Mass Transportation (Seating Capacity above 50) Specifications Through a perfect synergy of dynamism and aesthetics, Tata Motors’ Marcopolo buses have consistently delivered on the promise of comfort, safety and price. Powertrain behind this Tata bus is 3783 cc 4 cylinder 497 TCIC CRDI engine. Post the purchase, TMML will become a wholly owned subsidiary of Tata Motors. The purchase is for a cash consideration of Rs.99.96 cores following which TMML will be a wholly owned subsidiary of the company. With a gross weight of 9000 kg and 9300 mm of overall length, Tata LP 912 : Starbus Ex 36 Seater bus is ideal for applications like staff, stage carriage. have entered into a share purchase agreement where the India’s largest truck maker will purchase the balance 49 per cent shareholding in Tata Marcopolo Motors Limited ( TMML) for a cash consideration of Rs 99.96 crore.
0 kommentar(er)
