Tata Motors has signed an agreement with Apex Greatest Industrial (AGI), Myanmar, for the distribution of its commercial vehicles and passenger cars in Myanmar.
Under the deal, AGI will supply trucks assembled at the Magwe facility in Myanmar, which the automaker had built on behalf of the Myanmar government, and also commercial vehicles and passenger cars directly imported from India.
In March 2010, the company had signed a turnkey contract with Myanmar Automobile & Diesel Industries (MADI) to build a heavy truck assembly plant at Magwe.
The Magwe plant was opened in December 2010, and was funded by a $20m line of credit from the Government of India.
According to the automaker, the plant had an initial production capacity of 1,000 vehicles and has the flexibility of augmenting up to 5,000 per year.
