1.30 (0.38%) Tata Motors along with its partner Apex Greatest Industrial (AGI), has launched its first fully integrated 3-S Commercial Vehicle Dealership in Yangon, Myanmar. The new dealership serves as a model dealership for all future setups in Myanmar. The new dealership offers Sales, Service and Spare Parts facilities for its full range of commercial vehicles.
The company had signed a turnkey contract with Myanmar Automobile & Diesel Industries (MADI), an enterprise under the Government of Myanmar's Ministry of Industry, for setting up a heavy truck assembly plant, at Magwe, in central Myanmar, funded by a US$ 20 million Line of Credit from the Government of India.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1, 65,654 crore ($32.5 billion) in 2011-12. It is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.