Business Standard

Tata & Marcopolo in JV to build buses

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PTI New Delhi
Tata Motors today announced setting up of a joint venture with Brazilian company Marcopolo for manufacturing fully-built buses. A plant will be set up in India by the JV at an estimated cost of Rs 200 crore.

"Tatas will hold 51% in the venture while the rest will be with Marcopolo.
The JV will set up a new manuacturing facility, to go on-stream in the next 2 months," a Tata Motors spokesperson said.

 

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First Published: May 05 2006 | 4:25 PM IST

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