Indian automaker Tata Motors has formed a partnership with Malaysian automotive conglomerate DRB-HICOM Berhad for the import, distribution and assembly of its commercial vehicles in Malaysia.
As part of this deal, Tata has entered into a distribution agreement (DA) and technology license agreement (TLA) with DRB-HICOM's subsidiary USF-HICOM Malaysia.
The Indian auto giant has also signed an importation agreement (IA) with DRB-HICOM Auto Solution (DHAS), a subsidiary of DRB-HICOM, and USF-HICOM.
These deals will enable DRB-HICOM to become the exclusive distributor of selected Tata commercial vehicles and expand its vehicle assembly business and distribution network in Malaysia through USF-HICOM.
Aditionally, DHAS will act as the exclusive importer and logistics service provider for Tata Motors Completely Knocked Down (CKD) and Completely Built Unit (CBU) vehicles in Malaysia.
Tata Motors commercial vehicles international business head RT Wasan said: "One of the key parts of our business is the importance of our partnership with DRB-HICOM, which will not only help us service this market well, but also play a significant role in ensuring that we are listening to our customers."
DRB-HICOM Berhad group managing director YBhg Tan Sri Dato' Sri Haji Mohd Khamil Jamil said: "Through our subsidiary, USF-HICOM, we at DRB-HICOM intend to establish the Tata Motors brand, and promote its products and services, providing the best customer experience."
