Tata Marcopolo
Joint venture company involved in manufacturing of buses and coaches / From Wikipedia, the free encyclopedia
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Tata Marcopolo (officially Tata Marcopolo Motors Ltd.) is a bus and coach manufacturing company headquartered in Karnataka, India and a joint venture between Tata Motors and Marcopolo S.A.
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Quick Facts Company type, Industry ...
Company type | Joint venture |
---|---|
Industry | Automotive |
Founded | 2008; 16 years ago (2008) |
Headquarters | Marcopolo Manu Unit, Karnataka , India |
Area served | India |
Products | Fully built buses and coaches |
Owner |
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Tata Motors will buy the 49 percent stake held by its partner Marcopolo in the bus-making joint venture for ₹100 crore bringing curtains to the 14-year old partnership and paving the way for a smooth exit for the Brazilian company. The deal expected to be completed by February 2021.The subsidiary will continue with the ‘Marcopolo’ trademark for a minimum of three years with a non-compete provision in India for a corresponding period.[1]