Tata Motors Reaches Burma Distribution Deal
29 May 2012
India’s Tata Motors has signed a distribution agreement with Burma’s Apex Greatest Industrial Co Ltd (AGI) to sell its commercial vehicles and passenger cars in the country, according to the Press Trust of India. Under the agreement, AGI will distribute trucks assembled at a Tata facility in Magwe Division, as well as vehicles directly imported from India. In March 2010, Tata Motors signed a contract with the state-owned Myanmar Automobile & Diesel Industries Ltd to set up a heavy truck assembly plant in Magwe, funded by a US $20 million line of credit from the Indian government.