The Vietnam's TMT Motor Corporation will become the distributor ofTATA Motors Limited—the largest manufacturer in the Indian automobileindustry, as stipulated in an agreement on car distribution and supplyand technology transfer signed in Hanoi on May 11.

According tothe agreement, TATA Motor will provide TMT with spares parts andcompletely-built-up automobiles for distribution in the Vietnamesemarket. This will help TMT enlarge its operations, affirm its positionin the domestic automobile industry and broaden exports to ASEANcountries.

Bui Van Huu, Chairman of the TMT Motor Corporation,highlighted that the company aims to build the TATA trademark whiledelivering global-standard TATA products and services to Vietnamesecustomers.

RT Wasan, TATA Motors’ Head of Commercial VehicleInternational Business, underscored that the nexus between the companyand the Vietnamese automobile sector was created by the penetration ofTATA automobiles into the Southeast Asian country.

He pledged to bring highly-competitive products with TATA quality certification to Vietnamese consumers.

TMTMotor Corporation is a leading unit in assembling and distributingautomobiles in Vietnam. TATA Motors is the biggest automobilemanufacturer in India, recording a total revenue of 38.9 billion USD in2013-2014.

The strategic partnership between the two companies is expected to benefit both sides.-VNA