Marcopolo SA exits from JV with Tata Motors

19 Dec 2020 CW Team

The Tata Marcopolo Motors Limited Joint Venture formed in 2006 between Marcopolo SA, one of the biggest bus and coach manufacturers worldwide and Tata Motors, has introduced various innovative concepts and designs since its incorporation. The JV has helped to redefine the premium bud body segment in India. Moreover, the JV has manufacturing facilities located in Dharwad as well as Lucknow that it uses to build bus bodies on chassis. It is usually supplied by the company and marketed under various names such as the “Starbus” as well as “ Starbus Ultra” bus brands.

The venture has been successful in India, more so after it refreshed its business strategy. Marcopolo S.A has decided to exit from the existing joint venture. It has offered to sell its shareholding in the JV of 49% to the company.

The two entities have entered in a share purchase agreement wherein the company will be purchasing 49% of the shareholding in TMML for cash worth Rs 99.96 crore. After this, TMML will be a wholly-owned subsidiary of the company.

Also read: Tata Motors delivers 26 e-buses to Mumbai

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Resources

26 Jun 2026

G R Infraprojects Founder Vinod Agarwal Passes Away

Vinod Kumar Agarwal, Founder and Promoter of G R Infraprojects, has passed away. He had been associated with the company since its inception in 1995. His vision, determination and entrepreneurial acumen laid the foundation for the company and helped shape its growth into a leading name in India’s infrastructure sector.Agarwal served as Managing Director from 2008 to 2021 and later as Chairman and Whole-time Director from 2021 to 2025. He stepped down from the office of Director on 10 November 2025. During his leadership tenure, the company moved through significant phases of growth, operatio..

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..