Tata Motors to supply 350 buses to Senegal
January 14, 2005

Tata Motors, India's largest automobile manufacturer, has bagged an export order to supply 350 buses to Senegal. This order, worth $18 million, has been sanctioned by the Finance Ministry, through EXIM Bank under the New Partnership for African Development (NEPAD) scheme. Tata Motors' share of business in this order for 350 buses is 100 per cent.

A Line of Credit Agreement was signed today between the ambassador of Senegal in India, Amadou Bocoum, and R M V Raman, executive director, EXIM Bank of India, in the presence of T C Venkat Subramanian, chairman and managing director, EXIM Bank of India, and P G Shankar, head of international business, Commercial Vehicle Business Unit, Tata Motors.

The first shipment of buses to Senegal will move out in the first week of February 2005. States P G Shankar, “This order for 350 buses comes to us as an encouragement at a time when we are looking at boosting our presence in Francophone West Africa.” The company has helped in the setting up of a bus assembly unit in Senegal last year.

Tata Motors, with revenues of over $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.