4.00 (1.21%) Tata Motors has singed memorandum of understanding (MoU) with Indonesia's state-owned enterprise PT Pindad to explore market potential of Tata-armoured vehicles in Indonesia and other agreed regions of Asean. The MoU also includes a study to check the feasibility of locally assembling Tata-armoured vehicles at PT Pindad's facility in Bandung in West Java province of Indonesia.
Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.