Tata Motors enters into distribution agreement in Myanmar

Mumbai: Tata Motors has entered into an agreement with Apex
Greatest Industrial Company (AGI), Myanmar, for the distribution
of Tata Motors? commercial vehicles and passenger cars in
Myanmar.

The purchase and sale agreement was signed on May 26, 2012, at
Myanmar's capital city, Nay Pyi Taw, by RT Wasan, head,
international business, commercial vehicles; and Johnny Oommen,
head, international business, passenger vehicles, on behalf of
Tata Motors, and U Kyi Thein, chairman, AGI Myanmar.

In March 2010, Tata Motors had signed a turnkey contract with
Myanmar Automobile & Diesel Industries (MADI), an enterprise
under the Government of Myanmar's Ministry of Industry-2, for
setting up a heavy truck assembly plant, at Magwe, in central
Myanmar, funded by a $20-million line of credit from the
Government of India. The plant, inaugurated in December 2010, is
now operational.

With a highly flexible chassis and frame assembly line, along
with cab manufacturing, paint shop and trimming setup, the plant
has a capacity of producing 1,000 vehicles per annum initially
and has the flexibility of augmenting production up to 5,000 per
year.