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| Company type | Joint venture |
|---|---|
| Industry | Automotive |
| Founded | 2008 |
| Headquarters | Marcopolo Manu Unit, Karnataka , India |
Area served | India |
| Products | Fully built buses and coaches |
| Owner | |
Tata Marcopolo (officially Tata Marcopolo Motors Ltd.) is a bus and coach manufacturing company headquartered in Karnataka, India.
It was incorporated as a joint venture between Tata Motors and Marcopolo S.A. In December 2020, Marcopolo and Tata Motors came to an agreement, whereby Tata Motors would purchase the 49 percent stake held by Marcopolo in the bus-making joint venture for ₹100 crore, bringing curtains to the 14-year old partnership and paving the way for a smooth exit for the Brazilian company. The deal expected was completed on August 29, 2022.[1] The deal allowed Tata Motors to continue using the ‘Marcopolo’ trademark for a minimum of three years with a non-compete provision in India for a corresponding period.[2]
- ^ "Tata Motors acquires full stake of the JV - Tata Marcopolo Motors". Times Now. 31 August 2022. Retrieved 14 June 2024.
- ^ "Tata Motors To Buy Remaining 49% Share In Tata Marcopolo Motors For Nearly ₹ 100 Crore". Retrieved 23 December 2020.