TIL forms JV with DLT Sri Lanka
The Economic Times — May 23, 2006

Tata International Ltd on Monday announced setting up of a joint venture with Dutch Lanka Trailer Manufacturers (Pvt) Ltd (DLT), Sri Lanka to manufacture trailers in India.

The 50:50 joint venture, to be named Tata International DLT Pvt Ltd, will set up a trailer manufacturing facility at Chakan, a company release said here.

It, however, did not disclose the investments for setting up the new manufacturing plant. The JV unit will manufacture the full range of trailers such as skeletal trailer, flat bed trailer, tipper trailer, car carrier, port trailers, cement bulkers, low-bed trailers, for all market segments, it added.

The newly-formed company will cater to the fast growing requirement of trailers from the fully built vehicle division of Tata Motors (TML), which will market the prime movers along with the trailers as a single product to the customers, it said, adding that it would provide a single point after sales service, as well as, financing facility.

DLT has a manufacturing facility in Sri Lanka and has been selling trailers not only in Sri Lanka, but also exporting them to Bangladesh, UAE, Saudi Arabia, Kuwait, Philippines, Syria, Iran and some countries in Africa.

During the last four years TIL has imported several trailers from DLT and these have been sold to various customers in India. The new JV proposes to manufacture trailers in India based on the designs of DLT.