Tata Motors bags orders for over 5,000 buses from STU's, across India
This represents a healthy growth of over 80% plus compared to last year in the order book position for Tata Motors.
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 or City Transport providers on public transport.
Over 1500 of the ordered buses will be fully built and integrated with these features, at Tata Motors JV manufacturing facility at Tata Marcopolo (Dharwad & Lucknow) and ACGL Goa.
Ravi Pisharody, Executive Director, Commercial Vehicle Business Unit, Tata Motors Ltd., 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 sustainable mass public transportation system. We are encouraged by the adoption of latest technologies by these STU’s, for fleet modernization, lower total operating costs and expanding user base & ridership. We welcome the collaborative approach employed by these STU’s in bettering end user needs, which will further help boost our efforts towards innovations in the public transport space.”
Sandeep Kumar, Business Head (Commercial Vehicles – Passenger), Tata Motors Ltd. said, “Early investments in passenger transportation capabilities and technologies, enables us at Tata Motors to play a leading role in providing fully integrated transport solutions, in one of the world’s largest bus markets. With an extensive portfolio, we are geared up to provide a ‘Win-Win’ for both the operators and commuters of today and tomorrow. Having said that, we have nearly doubled our order book in FY16-17 already and are adequately prepared to cater to the current and future demand coming in for our buses.”
Pisharody further went on to add “Tata Motors plans to execute all these orders in the financial year 2016-17. The orders will definitely enable us to further strengthen our leadership position in the CV Passenger space.
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