BAJAJ BROKING
Tata Motors has secured an order from UPSRTC for 1,000 diesel bus chassis. This follows the completion of a 1,350-bus order, further enhancing Uttar Pradesh's public transport system.
Tata Motors, a leading player in India’s automotive industry, has been awarded a contract by the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,000 diesel bus chassis. The order for the Tata LPO 1618 bus chassis was finalised after a competitive e-bidding process, adhering to the government's tendering guidelines. This marks another significant milestone for Tata Motors in its ongoing partnership with UPSRTC.
The delivery of the 1,000 bus chassis will be carried out in phases, as per the terms agreed between Tata Motors and UPSRTC. These chassis will be used to expand the public transport system in Uttar Pradesh, providing efficient and reliable mobility solutions across the state. Tata Motors has emphasised that the LPO 1618 chassis is designed to handle both intercity and long-distance travel, offering high reliability, low maintenance costs, and enhanced passenger comfort.
This latest order follows a previous contract in which Tata Motors supplied 1,350 bus chassis to UPSRTC, which is already in operation. The success of the previous deployment played a key role in securing this new order. UPSRTC has been working to expand its fleet and improve public transport services across urban and rural areas of Uttar Pradesh, and Tata Motors has become a crucial partner in this endeavour.
The Tata LPO 1618 chassis is well-suited to UPSRTC’s requirements, offering a robust platform for public buses. Its proven track record in ensuring high uptime and low operating costs makes it an ideal choice for the state’s growing public transport network. With these additional vehicles, UPSRTC aims to increase its fleet capacity and improve the quality of service for passengers, addressing the growing demand for public transportation.
Tata Motors' successful bid for 1,000 diesel bus chassis from UPSRTC is a testament to its continued leadership in the commercial vehicle segment. As these new chassis are phased into service, Tata Motors will play a pivotal role in supporting the state's public transport infrastructure. The Tata Motors share price reflects the company's strong presence in both domestic and international markets.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
Interarch Secures ₹221 Crore Projects in Semiconductors & Energy Storage
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading