BUSMAKERS NEWS * India: Tata Motors'
Tata Motors rallies nearly 4% on supply order for 4000 buses
Tata Motors Ltd surged as much as 3.7 per cent in trade on Tuesday, after the nation's top commercial vehicle maker, has bagged orders for more than 4,000 buses from states transport authorities under the second phase of the union government's national urban renewal mission, ET reported quoting a top executive... The government's efforts to kick start activities in the infrastructure sector and an uptick in the economy have already started showing impact the medium and heavy commercial vehicle segment... Tata Motors, which sells every second truck and bus in the Indian market, is projecting sales in this segment to grow 15% to 112,180 units in the current fiscal year and 10-15% in the year after that, added the report...
(Photo: Tata Motors' Pimpri facility in Pune) -- New Delhi,India - The Economic Times - 17 Mar, 2015
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