Tata Motors inks pact with Indonesian entity for defence biz
Tata Motors is a leading manufacturer of defence and military vehicles since 1958.
New Delhi: Tata Motors has inked a pact with Indonesia's state-owned enterprise PT Pindad to explore market potential of Tata-armoured vehicles in Indonesia and other agreed regions of Asean.
The memorandum of understanding (MoU) also includes a study to check the feasibility of locally assembling Tata-armoured vehicles at PT Pindad's facility in Bandung in West Java province of Indonesia.
"This is a very important milestone for Tata Motors operations in Indonesia and is a matter of pride to be able to co-operate with PT Pindad, which is held in high esteem by the Indonesian community," Biswadev Sengupta, President Director of Tata Motors Indonesia, said in a statement today.
"I am sure that through this arrangement, we can create a lot of value in Indonesia, a market which we are committed to in the long term."
This foray into the defence business in Indonesia is in continuation with the strides made in the logistics business in the country, where more than 3,000 Tata vehicles are already on the road, covering pick-ups, light trucks, buses and heavy trucks, he added.
Tata Motors is among the top ten truck and bus manufacturers globally and a leading manufacturer of defence and military vehicles since 1958, catering to the light to heavy vehicle requirements of military and peacekeeping missions across the globe.
The company has created a focused division to design and develop defence technologies and products at its facilities in Jamshedpur and Pune. PT Pindad specialises in military and commercial products.
It also produces several industrial products for other aspects such as transportation and commercial explosives. Its activities cover design, development, engineering and fabrication as well as maintenance.