Tata Marcopolo (officially Tata Marcopolo Motors Ltd.) is a bus and coach manufacturing company with headquarters in Karnataka, India.
It was incorporated as a joint venture between Tata Motors and Marcopolo S.A. In December 2020, Marcopolo and Tata Motors came to an agreement, whereby Tata Motors would purchase the 49 percent stake held by Marcopolo in the bus-making joint venture for ₹100 crore, bringing curtains to the 14-year old partnership and paving the way for a smooth exit for the Brazilian company. The deal was completed on 29 August 2022.[1] The deal allowed Tata Motors to continue using the ‘Marcopolo’ trademark for a minimum of three years with a non-compete provision in India for a corresponding period.[2]
Operations
The primary bus manufacturing and building unit started in Lucknow, Uttar Pradesh, with an output of 8 buses per day. A second production facility is at Dharwad, Karnataka, and this facility can produce up to 30,000 buses per year.[3]