Tata Marcopolo Motors Ltd. (TMML)
Tata Marcopolo Motors Limited (TMML) is a 51:49 joint venture company of Tata Motors Ltd. (TML) India and Marcopolo S.A. Brazil for manufacturing of buses in India.
The Company's over 4,900 employees are guided by the vision to be "Growth with Quality".
Established in 2007, Tata Marcopolo Motors presence indeed cuts across the length and breadth of India. Over 38000 Tata Marcopolo buses ply on Indian roads, since the first rolled out in October, 2007 from Lucknow. The Company's manufacturing base in India is spread across Lucknow (Uttar Pradesh) and Dharwad (Karnataka). Following a strategic alliance with Marcopolo, Brazil in 2006, this JV has been taking help with technology and expertise in chassis and aggregates from Tata Motors, and expertise and know-how in processes and systems for bodybuilding and bus body design from Marcopolo, Brazil. Both companies actively participate in the management.
The buses will conform to international standards in quality and safety, and are marketed not only in India but also in all Tata Motors focused markets globally.The foundation of the Company's growth over the last 5 years is a deep understanding of customer needs and the ability to translate them into customer-desired offerings through leading edge Engineering, New Product Introductions with the help of Tata Motors and Marcopolo.
Tata Hispano Motors Carrocera S. A.
Tata Hispano Motors Carrocera S.A., a well-known Spanish bus manufacturing company, in which the Company had acquired a 21% stake in March 2005, was another major step in the Company's plans for globalization. Hispano has two manufacturing units, one in Spain which caters to the European market and the other one in Casablanca which caters to the Moroccan and other North African markets.
In October 2009, Tata Motors acquired the remaining 79% shares in Hispano by way of exercise of the existing call option, through mutual agreement with the other shareholder, Investalia S. A, Spain and thus increasing its stake from 21% to 100%. Consequently its wholly owned subsidiary Carrosseries Hispano Maghreb, Morocco also became the Company's subsidiary. Tata Motors makes luxury coaches based on the design technology adopted from Hispano at another of its collaborative body building setup - Automotive Corporation of Goa Limited (ACGL), Goa.