Local truck specialist Tata Motors and Brazil’s biggest bus manufacturer Marcopolo have formed a joint venture to produce buses in India.
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The vehicles will both be sold locally and exported to other countries in the region.
Marcopolo said initial investment in the joint venture is $US13.3m with Tata holding 51% and Marcopolo 49%.
Marcopolo will provide its bus body production know-how and Tata will supply chassis.
Both urban and highway buses will be built.
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By GlobalDataRogério Louro
