Tata Motors has entered into partnership with DRB-HICOM, Malaysia’s biggest conglomerate, for the import, distribution and assembly of Tata Motors Commercial Vehicles in Malaysia, an important milestone in the continued expansion of the company's global footprint.
As part of the agreement, Tata Motors has inked a Distribution Agreement (DA) and Technology License Agreement (TLA) with USF-HICOM (Malaysia) Sdn. Bhd., a subsidiary of DRB-HICOM Berhad. The auto major has also signed another Importation Agreement (IA) with another DRB-HICOM subsidiary, DRB-HICOM Auto Solution Sdn. Bhd. (DHAS) and USF-HICOM.
The signing of the strategic and dynamic partnership would pave the way for a mutually beneficial collaboration between Tata Motors and DRB-HICOM, and will offer various synergies for all parties involved. The agreements will enable DRB-HICOM via USF-HICOM to become the exclusive distributor of selected Tata commercial vehicles, as well as expand its vehicle assembly business and distribution network in Malaysia.
Meanwhile, the Importation Agreement will enable DRB-HICOM via DHAS to become the exclusive importer and logistics service provider for Tata Motors Completely Knocked Down (CKD) and Completely Built Unit (CBU) vehicles in Malaysia.
Company Name | CMP |
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Tata Motors | 947.20 |
Ashok Leyland | 201.40 |
Force Motors | 9145.00 |
Olectra Greentech | 1709.90 |
Tata Motors - DVR | 637.75 |
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