+
Marcopolo SA exits from JV with Tata Motors
ROADS & HIGHWAYS

Marcopolo SA exits from JV with Tata Motors

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

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

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?