F&I Management & Training

Truckmaker Iveco and Tata Motors have announced a memorandum of understanding to analyse the feasibility of cooperation in the commercial market vehicles sector. The agreement will focus on developments in engineering, manufacturing as well as the sourcing and distribution of products. Both parties will set up a joint steering committee with the intention of entering an alliance in the coming months. Tata managing director Ravi Kant, said: “We are truly excited about the potential this cooperation offers, complementing each other’s strengths in products and across markets."

DATED: 20.02.07

FEED: MT