![]() Financial Daily from THE HINDU group of publications Wednesday, Jul 27, 2005 |
|
|
|
|
|
Corporate
-
Announcements Hispano Maghreb bags Morocco order to supply 800 buses Our Bureau
Mumbai , July 26 HISPANO Maghreb, the fully owned subsidiary of Hispano Carrocera, has bagged its largest-ever single contract to supply 800 urban buses to Casablanca's urban transport operator, M'Dina Bus. Tata Motors Ltd has a 21 per cent stake in Hispano Carrocera. A Hispano and Tata Motors team met the Prime Minister of Morocco on July 15. The first batch of 200 urban buses will be delivered in 2006, and similar numbers for the next three years. These buses will be Hispano's Habit buses, 12 metres in length, built on Iveco and Scania chassis, which Hispano has been using regularly. The M'Dina Bus Consortium has been formed by RATP Development (the international business unit of the Public Transport Company of Paris), finance.com (a financial private company) and Al Bahja/Haddou Bus, a local tourist operator. It has the urban bus concession of the city of Casablanca since August 2004. "This large fleet renewal is part of Morocco's largest project to modernise public transportation. Selection of Hispano's buses fulfills the aim of placing the urban transport in the country to its highest levels. The consortium selected Hispano based on the Pininfarina exterior design, product technology and the company's track record,'' a press release said. "This development reinforces our confidence in Hispano's competency and capability to supply world-class buses in Europe and outside. We expect to open new markets in North Africa and West Asia," the release said quoting Mr Ravi Kant, Chairman, Hispano Carrocera and Executive Director - Commercial Vehicle Business Unit, Tata Motors.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|