Tata Motors Ltd. said the company along with its partner Apex Greatest Industrial Co. Ltd. (AGI), had launched its first fully integrated 3-S commercial vehicle dealership in Yangon, Myanmar. The new dealership serves as a model dealership for all future setups in Myanmar.
The new dealership offers Sales, Service and Spare Parts facilities for its full range of commercial vehicles.
The vehicles launched and displayed at the function ranged from the Tata Ace, Tata Magic, Tata Super Ace along with five different fully built applications in the SCV Range, Tata LPT 407, Tata LPT 613, Tata LPT 1116, Tata LPK 1615, Tata LPT 1618, Tata LPT 2116, Tata LPT 2123 & Tata LPK 2523 in the Truck range and the Tata LP 407, Tata LP 613, Tata LP 913 & Tata LPO 1924 RE SLF in the Bus range.
Tata Motors said it had signed a turnkey contract with Myanmar Automobile & Diesel Industries Ltd. (MADI), an enterprise under the Government of Myanmar's Ministry of Industry, for setting up a heavy truck assembly plant at Magwe in central Myanmar, funded by a $20 million Line of Credit from the Government of India.
With a highly flexible chassis and 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 increasing up to 5,000 per year.
On the occasion, Tata Motors Head-International Business, Commercial Vehicles Business Unit R.T. Wasan, said, "This is a historic moment for us at Tata Motors and AGI which reaffirms our commitment to our customers in Myanmar. Today, Tata Motors can offer a comprehensive range of commercial vehicles which provide superior value to our customers in Myanmar. We plan to launch two more dealerships in Yangon and will continue to introduce our world-class facility in some of the major cities of Myanmar, in future."
Speaking about the new 3-S facility, Regional Head-South Asia & Far East, Commercial Vehicles Business Unit Rudrarup Maitra commented, " Both, Tata Motors-AGI Yangon 3S dealership, along with the assembly facility at the Heavy Truck Plant in Magwe, will further enhance the brand experience and engagement of our customers with the Tata Motors brand in Myanmar."
At the BSE, Tata Motors closed Wednesday's trading at Rs.267.65, up 1.86 percent from the previous close.
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