Tata Motors forays into Vietnam market

June 23, 2015 2:00 pm

Tata Motors has inked a distribution and supply agreement with Vietnam’s TMT Joint Stock Company to mark its foray into the South-East Asian country.
 TMT Joint Stock Company signed a distribution agreement, supply agreement and technology license agreement with Tata Motors.
The agreements will enable TMT to become the distributor of selected Tata Motors commercial vehicles, as well as expand its vehicle assembly business and distribution network in Vietnam.
As per the agreement, Tata Motors will supply completely knocked down (CKD) and completely built unit (CBU) vehicles to TMT in Vietnam, enabling TMT to further strengthen its position, in the local automotive industry. “The signing of the strategic and dynamic partnership would pave the way for a mutually beneficial collaboration between Tata Motors and TMT JSC, and will offer various synergies for all parties involved,” Tata Motors said.

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