Tata Motors set to export to Malaysia
India’s largest motor vehicle manufacturer, Tata Motors Ltd, is set to export its commercial vehicles to Malaysia, according to its executive director, commercial vehicle (CV) Ravi Pisharody.
The company had exported CVs to Indonesia and Australia in the third quarter ending Dec 31, 2013.
“In the next six months, we will start exports to Malaysia, Vietnam and the Philippines.
“There will be good traction for exports in the next few quarters,” said Ravi, as quoted by an English daily in India, The Hindu.
Tata Motors, which stands among the world’s top five medium and heavy commercial manufacturers, has over 130 models providing a wide variety of commercial transport solutions.
The company is listed on Bombay and New York Stock Exchange and is ranked 314th in the 2012 Fortune Global 500 ranking of the world’s biggest corporations.
The authorised distributor for Tata commercial vehicles in Malaysia will be Hicom Commercial Automotive Sdn Bhd (“HCASB”). Formerly known as USF-Hicom Malaysia, the company, which is a wholly owned subsidiary of DRB-HICOM Berhad, signed the Distribution Agreement (“DA”), Importation Agreement (“IA”) and Technology License Agreement (“TLA”) with Tata Motors Limited, India, enabling HCASB to become the exclusive distributor of Tata Motors commercial vehicles as well as expand its vehicle assembly business and distribution network in Malaysia.
It is said the collaboration with Tata Motors will enable HCASB to build and deliver vehicles known for its superior quality through its CKD programme that is expected to begin later this year.