Tata Motors has had a 21% stake in Hispano Carrocera S. A., a Spanish bus and coach cabin manufacturer that is one of the largest in Europe, since 2005. It has now acquired the remaining 79% shares in Hispano by way of exercising the existing call option, through mutual agreement with the other shareholder, Investalia S. A, Spain. This acquisition demonstrates Tata Motors’ ongoing commitment to Hispano Carrocera.
After the acquisition, the company will further strengthen the ongoing initiatives to improve operational efficiencies such as productivity improvement, cost reduction, and new product development, to improve market share of the company and enhance brand value. Tata Motors is confident that Hispano will now emerge as an even stronger force in the Spanish as well as global bus and coach markets.
