![]() ![]() With the Starbus, Tata Motors introduced the OEM-built bus concept in India. We extend our heartfelt gratitude to all our customers for their continued trust in Tata Motors.” The Tata Starbus has become one of the strongest brand in commercial vehicle industry and an integral part of India’s transportation sector. The Tata Starbus has proved to be the most versatile bus in the industry offering a luxury travel experience in the staff transportation application and safe and reliable travel as a school bus. Rohit Srivastava, Vice President, Product Line – Buses, Tata Motors said, “It is a moment of great pride and a testimony from our customers as we celebrate a significant milestone of 1 lakh Starbus vehicles on Indian roads. Highlighting the success of the Starbus, Mr. The Starbus has been the preferred choice of bus for several fleet operators for it low cost of ownership and high profitability. The Starbus is also available as an electric bus and has been successfully running in several cities across India. The Starbus platform is available in varied configurations to perfectly suit a host of applications like staff, school transportation and has been an important pillar in the country’s public transportation sector. The Tata Starbus is the most sold fully-built bus brand in the country and has been synonymous with passenger comfort, reliability and ease of driving. and TMML intend to maintain an open channel for future collaboration opportunities around bus body designs and technical consulting services.Tata Motors, India’s largest commercial vehicle manufacturer, celebrates 1 lakh Starbus customers. The transaction will not result in any impact on TMML’s operations or the continued sales and service of the Company’s customers. 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. 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. Post the purchase, TMML will become a wholly owned subsidiary of the Company. have entered into a share purchase agreement where the Company will purchase the balance 49% shareholding in TMML for a cash consideration of INR 99.96 crore. In a statement to the press announcing the decision, Tata Motors said, "The Company and Marcopolo S.A. ![]() As mentioned above, these buses are retailed under the 'Starbus and Starbus Ultra bus brands in the country. TMML has manufacturing facilities in Dharwad, Karnataka and Lucknow where it makes bus bodies underpinned by chassis supplied by Tata. Since then, myriad designs and concepts for the premium bus body segment were launched by this joint venture in India. Now, if you are wondering the reason behind the decision - Tata Motors explained that it is a result of Marcopolo S.A.'s new business strategy.Ī little bit of background about this joint venture, of course: Tata Motors and Marcopolo S.A., among the largest bus and coach manufacturers in the world, formed this 51:49 joint venture in 2006. Once the purchase is executed, Tata Motors will become the sole owner of the Tata Marcopolo Motors Limited joint venture. So, what's going to happen is that Tata Motors will buy out Marcopolo S.A.'s stake in the JV for ₹99.96 crore. Yep, Tata Motors has announced that it will now buy out Marcopolo's share in this joint venture that builds and sells buses under the umbrella of the Starbus and Starbus Ultra brands. to exit bus joint venture with Tata MotorsĢ020 has taken its latest victim in the automotive industry - the Tata Marcopolo Motors Limited joint venture.
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