Eaton Signs Transmission Agreement With India’s Tata Motors
Feb 9, 2009 12:21 PM
Eaton Corporation today announced that it has signed a business agreement through 2014 with Tata Motors, India’s largest automotive manufacturer. Terms were not disclosed.
Eaton’s Truck Group will supply heavy-duty synchronized transmissions to Tata Motors for use on its World Truck program in India as well as global markets. Initial transmission production will take place at Eaton plants in Tczew, Poland, and Wuxi, China, with production moving to its new facility in Pune, India, as volumes increase.
“This is a very important achievement for Eaton in meeting our significant growth goals for India and the Asia-Pacific region in general,” said James E. Sweetnam, president, Eaton’s Truck Group. “Our relationship with Tata is an excellent indicator of our commitment to India’s commercial vehicle market and its long-term prospects for growth.”
Tata Motors is India's largest automobile company, with revenues of $8.8 billion in 2007-08. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, a business comprising the two iconic British brands. It also has a strategic alliance with Fiat.
With over 4 million Tata vehicles in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth-largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com)
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