Tata Motors bags orders for over 5,000 buses from states, cities
07 September 2016
Tata Motors said on Tuesday that it has received orders for the supply of over 5,000 buses from 25 state / city transport undertakings across the country. This represents a healthy growth of over 80 per cent compared to last year in the order book position of the company, it said.
Ravi Pisharody, executive director, commercial vehicle business unit, said in a press release issued after market hours that the company plans to execute these orders in the current financial year. The orders will definitely enable the company to further strengthen its leadership position in the commercial vehicles (CV) passenger space, he added.
After a gap of nearly four years, state transport undertakings (STUs) have placed large orders for buses, indicating renewed focus on public transport. ''The orders from various STU / city transport providers represents a noticeable shift towards adopting new technology, safety, comfort features and connected IT enabled buses. Tata Motors will also support these STU's to make certain the technology benefits are rapidly realised,'' Pisharody said.
More than 1,500 of the ordered buses will be fully built and integrated with these features, at Tata Motors manufacturing facility at Tata Marcopolo and ACGL Goa.