Tata Motors inks pact with Vietnamese firm

Published on May 15, 2015 15:42:54 PM
Business

TMT Joint Stock Company has signed a distribution agreement, Technology license agreement and supply agreement with Tata Motors as part of its expansion plan.
The agreements will enable TMT to become the distributor of selected Tata Motors commercial vehicles, as well as expand its vehicle assembly business and distribution network in Vietnam.
Tata Motors will supply Completely Knocked Down (CKD) and Completely Built Unit (CBU) vehicles to TMT in Vietnam, enabling TMT to further strengthen its position, in the local automotive industry.
The signing of the strategic and dynamic partnership would pave the way for a mutually beneficial collaboration between Tata Motors and TMT JSC, and will offer various synergies for all parties involved.