Tata Motors today said it has bagged orders of over 5,000 buses worth of about Rs 900 crore from 25 state/city transport undertakings (STUs) across the country. "Tata Motors plans to execute all these orders in 2016-17. The orders will definitely enable us to further strengthen our leadership position in the CV passenger space," Tata Motors Executive Director, Commercial Vehicle Business Unit, Ravi Pisharody said in a statement. Some of the orders require a fully IT-enabled bus to ensure trackability and traceability with features like public information systems, electronic destination boards, CCTV cameras, smart multi-mode ticketing and GPS-enabled on-board intelligent transport system, WiFi and diagnostics systems, the company said. "We are encouraged by adoption of latest technologies by these STUs for fleet modernisation, lower total operating costs, expanding user base and ridership," Pisharody added. Over 1,500 of the ordered buses will be fully built and integrated with these features at Tata Motors JV manufacturing facility at Tata Marcopolo (Dharwad and Lucknow) and ACGL Goa. The company said the orders represented a healthy growth of over 80 percent compared to last year in the orderbook position for Tata Motors. "The big surge in STU buying across is being witnessed after a gap of nearly four years, indicating renewed focus of various state governments and city transport providers on public transport," it added. Tata Motors Business Head (Commercial Vehicles Passenger) Sandeep Kumar said the company has nearly doubled its orderbook in 2016-17 already and is adequately prepared to cater to the current and future demand for its buses.
Tuesday, 6 September 2016
Home »
» Tata Motors bags orders for 5,000 buses worth Rs 900cr from STUs-:- Equity Research
Tata Motors bags orders for 5,000 buses worth Rs 900cr from STUs-:- Equity Research
03:45
Related Posts:
Two PSU banks cut lending rate by up to 0.15%-:- Equity Research Two public sector lenders including Oriental Bank of Commerce (OBC) today reduced lending rate by up to 0.15 percent across various maturities a few days after 0.25 percent repo rate cut by RBI. The OBC has reduced margina… Read More
Ashok Leyland eyes over Rs 2,000 cr from defence biz in 5 years-:- Equity Research Hinduja group flagship Ashok Leyland expects its defence business to log four-fold jump in revenues at over Rs 2,000 crore in next five years as it gears up to provide an entire range of mobility solutions, including miss… Read More
Hardly any demand for power in country-:- Equity Research Expressing concerns over lack of demand for power in the country, Coal Secretary Anil Swarup today wondered as to what would the government do with its ambitious 1 billion tonnes of production target for fossil fuel by 202… Read More
Expect H2 biz pickup to push up steel demand by 4-5%-:- Equity Research In a departure from the trend, August core data shows that steel output surged substantially by 17 percent. Jindal Steel and Power's management attributed the rise in steel output to coming into action of secondary units w… Read More
Flipkart records highest-ever single day sale, grosses $200mn-:- Equity Research E-commerce firm Flipkart recorded sales worth around USD 200 million on Monday, its highest-ever single-day sale in the company's history, a spokesperson for the company has told moneycontrol.com. The sales are li… Read More
0 comments:
Post a Comment