Tata Motors on December 17 announced securing an order of 1,297 bus chassis from Uttar Pradesh State Road Transport Corporation (UPSRTC), the automaker said in a statement.
This is the third such order for the Tata group firm from UPSRTC in a year with the total order size hitting 3,500.
“The order for LPO 1618 chassis was won through a competitive e-bidding process and the bus chassis will be delivered in a phased manner under mutually agreed terms,” the company statement said.
The shares of the company were trading 0.77 percent down at Rs 778.75 on NSE at 03:19 pm.
The automaker said the diesel bus chassis is developed specifically for intercity and long-distance travel.
Anand S, vice president and head – commercial passenger vehicle business, Tata Motors, said, " This order is a powerful validation of our commitment to delivering class-leading mobility solutions. Our consistent performance and ability to meet UPSRTC's evolving transportation needs demonstrate our technological prowess and reliability in the public transport ecosystem. We look forward to commencing supplies as per the guidance of UPSRTC."
Earlier last week, the firm said it will increase prices of its trucks and buses portfolio by up to 2 percent effective January 1, 2025, citing rising input costs.
The price increase is to offset the rise in input costs, Tata Motors said in a statement.
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