Tata Motors has entered into an agreement with Apex Greatest Industrial Company (AGI), Myanmar, for distribution of its commercial vehicles and passenger cars in that country.
The agreement was signed on May 26 at Myanmar’s capital city, Nay Pyi Taw, by RT Wasan, head, international business, commercial vehicles, and Johnny Oommen, head, international business, passenger vehicles, on behalf of Tata Motors, and U Kyi Thein, Chairman, AGI Myanmar.
In March 2010, Tata Motors had signed a turnkey contract with Myanmar Automobile & Diesel Industries (MADI), an enterprise under the Myanmar 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, the plant, inaugurated in December 2010, is now fully operational.
With a highly flexible chassis and frame assembly line, along with cab manufacturing, paint shop and trimming set-up, the plant has a capacity to produce 1,000 vehicles per annum initially with a provision to raise it to 5,000 units.