Tata Motors has signed a contract with Indonesia’s PT Pindad to explore market potential of Tata-armoured vehicles in Indonesia and other agreed regions of ASEAN (Association of Southeast Asian Nations).
The memorandum of understanding (MoU) also includes a study to check the feasibility of locally assembling Tata-armoured vehicles at PT Pindad’s facility in Bandung in West Java province of Indonesia.
“I am sure that through this arrangement, we can create a lot of value in Indonesia, a market which we are committed to in the long term.” Biswadev Sengupta, President Director of Tata Motors Indonesia, said today in a statement.
This foray into the defence business in Indonesia is in continuation with the strides made in the logistics business in the country, where more than 3,000 Tata vehicles are already on the road, covering pick-ups, light trucks, buses and heavy trucks, he added.
The company has created a division to design and develop defence technologies and products at its facilities in Jamshedpur and Pune.
PT Pindad specializes in military and commercial products. It also produces several industrial products for other aspects such as transportation and commercial explosives. Its activities cover design, development, engineering and fabrication as well as maintenance.