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Old 7th September 2016, 19:24   #1
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Default Tata Motors bags orders for 5000 buses from STUs

Tata Motors has bagged orders worth Rs 900 crore for over 5,000 buses from various state and city transport undertakings in the first five months of the financial year. The numbers mark a sharp 80% jump in order book over last year. Most of these orders will be executed during the current financial year.

“The big surge in STU (State Transport Undertakings) buying across, is being witnessed after a gap of nearly four years, indicating renewed focus of various state governments / city transport providers on public transport,” the largest commercial vehicle player in the country said.

“With these orders, we at Tata Motors take great pride in partnering with various STU’s, in delivering world-class solutions and to create and maintain a sus*tainable mass public transportation system. The orders will definitely enable us to further strengthen our leadership position in the CV Passenger space,” said Ravi Pisharody, executive director (Commercial Vehicle Business Unit) at Tata Motors.
Source: http://www.business-standard.com/art...0600334_1.html

EDIT: Tata has issued an official press release for the same. It further states that 1500 of these buses will be fully built units to be manufactured at their plants at Dharwad & Lucknow and ACGL Goa.

Last edited by AkMar : 7th September 2016 at 19:29. Reason: Additional info added
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