Tata Motors joins hands with TMT for local assembly of commercial vehicles in Vietnam

In a recently signed agreement, Tata Motors will supply Completely Knocked Down (CKD) and Completely Built Unit (CBU) of its commercial vehicles to TMT in Vietnam. According to the agreement TMT become the distributor of selected Tata Motors commercial vehicles, which will be assembled and distributed in Vietnam. This move will help the Indian auto major to strengthen its position as a global player and expand its vehicle assembly business and distribution network in burgeoning Vietnamese commercial vehicle market.

Speaking about this partnership Ravi Pisharody, Executive Director, Commercial Vehicles Business Unit, Tata Motors said, “Our foray into Vietnam is an important step in our continuing journey to become a truly global player and in particular our focus on the ASEAN region after our recent entry into Indonesia, Philippines and Malaysia. Tata Motors with a wide range of products suited for the Vietnam market, will be able to offer the customers of Vietnam, an excellent choice with a blend of high performance, economy and the latest technology in-built into the products.” 

Meanwhile Chairman of TMT, Bui Van Huu said, “It is indeed an honour for us that Tata Motors, known to be among the world's top truck and bus manufacturers, has chosen to partner with TMT JSC to start this new chapter in their engagement with the Vietnam market. We at TMT JSC, intend to establish the TATA Motors brand, and promote its products and services, providing the best customer experience.”

Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. With over 8 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, CIS and Russia.