OREANDA-NEWS. May 30, 2012. Tata Motors has entered into an agreement with Apex Greatest Industrial Company (AGI), Myanmar, for the distribution of Tata Motors’ commercial vehicles and passenger cars in Myanmar.

The purchase and sale agreement was signed on May 26, 2012, at Myanmar’s capital city, Nay Pyi Taw, by RT Wasan, head, international business, commercial vehicles; and Johnny Oommen, head, international business, passenger vehicles, on behalf of Tata Motors, and U Kyi Thein, chairman, AGI Myanmar.

In March 2010, Tata Motors had signed a turnkey contract with Myanmar Automobile & Diesel Industries (MADI), an enterprise under the Government of Myanmar’s Ministry of Industry-2, for setting up a heavy truck assembly plant, at Magwe, in central Myanmar, funded by a USD 20-million line of credit from the Government of India. The plant, inaugurated in December 2010, is now operational.

With a highly flexible chassis and frame assembly line, along with cab manufacturing, paint shop and trimming setup, the plant has a capacity of producing 1,000 vehicles per annum initially and has the flexibility of augmenting production up to 5,000 per year.