Over the years of experience and development, we have diversified from our core automotive sector business into different vertical as power/energy sector, agricultural sector, railway’s product. We have employed multitude of value added processes and facilities to enhance the performance of our products. Tata Motors on Tuesday said it has received fresh orders to supply 928 Tata Marcopolo built-buses to the State Transport Authorities in South India. With the assistance of our skilled & enthusiastic man power, we assemble our products together through jigs, fixtures & dies ensuring joining accuracy & interchangeability. With the help of our invaluable experience in design and state of art manufacturing facility, our products are flourishing remarkably in the market. MGS Group is deeply rooted in automotive sector. Under the management of our Mentor Ashutosh Singh (CEO), we have achieved reputed position in the industry. We are exporting these products to UAE, South Africa, Bangladesh, Nepal and Bhutan. Supported by a team of skilled personnel, we are engaged in manufacturing, retailing, wholesaling and exporting the finest quality Buses, Recovery Vehicles, Transformer Radiator, E Rickshaw, etc.
Ltd., are a well-renowned firm, that started in the year 1955, at Lucknow, (Uttar Pradesh, India). Tata Motors on Thursday said it will buy the 49 percent stake held by its Brazilian partner Marcopolo in their bus-making joint venture Tata. It has manufacturing facilities in Dharwad and Lucknow where it builds bus bodies on chassis supplied by the Company and marketed by the Tata Motors under the "Starbus" and "Starbus Ultra" bus brands.We Motor & General Sales Pvt. Dec 17, 2020, Updated Dec 17, 2020, 6:22 PM IST. Tata Marcopolo’s Dharwad plant has an installed capacity of 15,000 buses per annum while its plant at Lucknow has a capacity of 3,000 buses per annum, with a workforce of. Tata Marcopolo Motors was one of the first to introduce low-floor passenger buses for public transportation in Delhi, Mumbai and other cities. The advanced engineering and design facility with automated machine shops at TMML delivers accurate dimensions of bus parts, with a focus on developing world-class buses. and TMML intend to maintain an open channel for future collaboration opportunities around bus body designs and technical consulting services," Tata Motors said.
Still, in late 2020, Marcopolo announced its exit from India by selling its 49-percent stake for a meagre US14 million to its JV partner, Tata Motors. "The transaction will not result in any impact on TMML's operations or the continued sales and service of the Company's customers. Millions of Indians ride the Tata-Marcopolo buses, from passengers in public transportation buses in Delhi and Mumbai to children in private school buses equipped with GPS trackers and CCTV cameras.
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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. Post the purchase, all technologies pertaining to existing bus body products manufactured will continue to vest with TMML, it added.Īlso Read: Maruti to come up with 'Baleno-based' new compact SUV The proposed acquisition would be completed by February 28, 2021, the company said.Īfter a successful venture in India, and as a consequence of its refreshed business strategy, Marcopolo S.A has decided to exit from the JV and offered to sell its 49 per cent shareholding in the JV to the company, Tata Motors said.
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