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

Related Stories

Gold Stories

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Next Story
Technology

ideaForge Q1 FY27 Revenue at Rs 680.6 million; EBITDA Turns Positive

ideaForge Technology Limited reported revenue from operations of Rs 68.6 crore in Q1 FY27, while executing more than 20% of its opening order book for the financial year. The company also reported positive EBITDA during the quarter.ideaForge entered FY27 with an order book of over Rs 300 crore and is targeting delivery of the opening order book by Q3, in line with customer timelines. The company said global supply chain disruptions and component availability continue to pose challenges.During the quarter, ideaForge completed a Rs 500 crore Qualified Institutional Placement (QIP), with particip..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement