Tata Motors recently delivered 130 ultra low entry (ULE) buses to the Delhi Transport Corporation (DTC) and will supply 5,000 buses to various transport bodies across the country within the next six months as part of the JNNURM programme.
“We will be delivering around 2,000 buses to DTC during the rest of the fiscal, of which 40 per cent would be AC and the rest non-AC. Besides, we have already started delivery of buses under the JNNURM contract to various state and local bodies and we will deliver 5,000 such buses this fiscal,” Mr Pisharody said.
Media reports also indicate that Tata Motors is working on Hybrid bus, which will be launched in the Indian market next year. The hybrid model will be CNG plus electric or gasoline plus electric.
Acquisition of Hispano complete
Tata Motors, which had a 21 per cent stake in Hispano Carrocera S.A., Spain, since 2005, has acquired the remaining 79 per cent shares in it by exercising the existing call option, through mutual agreement with the other shareholder, Investalia S.A. This acquisition demonstrates Tata Motors’ ongoing commitment to Hispano Carrocera.
Tata Motors, which had a 21 per cent stake in Hispano Carrocera S.A., Spain, since 2005, has acquired the remaining 79 per cent shares in it by exercising the existing call option, through mutual agreement with the other shareholder, Investalia S.A. This acquisition demonstrates Tata Motors’ ongoing commitment to Hispano Carrocera.After the acquisition, Tata Motors will further strengthen the ongoing initiatives to improve operational efficiencies such as productivity improvement, cost reduction and new product development, to improve the market share of the company and enhance brand value. The company is confident that Hispano will now emerge as an even stronger force in the Spanish as well as global bus and coach markets.
