Tata Motors Acquires Remaining 79% Stake In Hispano Carrocera
Its no stopping Tata Motors now a days! The company which had a 21% stake in Hispano Carrocera has now acquired the remaining 79% shares by the way of exercise of the existing call option through mutual agreement with the other share holder Investalia S.A Spain.
The agreement cements Tata Motor’s ongoing commitment to Hispano Carrocera. The company will now further strengthen the ongoing initiatives to improve operational efficiencies such as productivity improvement, cost reduction, and new product development, to improve market share of the company and enhance brand value.
Tata Motors is confident that Hispano will now emerge as an even stronger force in the Spanish as well as Global bus and coach markets.
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Tata Motors is surely on a roll, with the Manza and now this and the Vista in SA.
wel, I guess its great news for tatas in a business sense,but even wit te earlier 21percent,tata had controlling stake of te company n they could very easily hav brought those buses here to compete wit volvo n now merc..mayb v shouldn’t expect everyone,even tata,to bring out their entire lineup to india.it mite not hav made much sense to them to bring it to india especially seeing how badly te novus range is doin here..but mayb they could hav launched te spanish brand here.its not like a new brand won’t work wonders.i doubt how many ppl hav heard of hino,but m sure their trucks n later their buses will become quite a rage here..