Tata Motors bags Rs 55—crore order from State Transport Corporations in Karnataka
January 14, 2005

Tata Motors, India’s largest automobile manufacturer, has bagged an order for 1,070 bus chassis from various state transport corporations in Karnataka. This is the single largest order that the company has ever received from the Karnataka State Transport Corporation and represents 100-per cent share of business for the orders placed.

The different constituents for this Tata Euro II bus chassis order are: Bangalore Metropolitan TC (BMTC), Karnataka State Road Transportation Corporation (Central), North West KRTC and North East KRTC. States Shyam Mani, vice president of sales, Commercial Vehicle Business Unit, Tata Motors, “Based on our success with this order, we expect our share of business with the Karnataka state transport corporations to grow from 37 per cent in the year 2003-04 to over 60 per cent this fiscal on a growing base.” The complete order is to be executed between January-March 2005.

Tata Motors, with revenues of over US$ 3.5 billion (FY 2003-04), is a flagship company of the Tata Group. It is the world’s fifth largest medium and heavy commercial vehicle manufacturer and produces more than 150 commercial vehicle models with a range of light, medium to heavy-duty trucks, buses and tractor-trailers. Tata Motors is the second largest player in the domestic passenger car market in India. Two of its five passenger vehicle brands are among the top 10 selling models in India.