Home Commercial Vehicles Tata Motors buys stake in a Bangalore based mini-truck renting business

Tata Motors buys stake in a Bangalore based mini-truck renting business

The move is part of the Automaker’s quest to work with smart solutions to enable better quality of life and livelihood for truckers. The investment will be used to expand its footprint to other cities.

The investment gives Tata Motors an insight into technology-driven developments in freight logistics, and into intra-city freight movement. Data analytics derived will be used for R&D to improve product specs in occordance with market requirement.

TruckEasy mini truck fleet in Bangalore.

Girish Wagh, President – Commercial Vehicles Business Unit (CVBU), Tata Motors said “Tata Motors has always been at the forefront of providing a differentiated service experience to the trucking community by not only providing them with the means of income but also creating business opportunities.

TruckEasy is promoting entrepreneurship amongst transporters and providing them with a stable income. The young start-up has grown manifolds due to its partner-based module and its outstanding service to its customers. Through this investment from Tata Motors, TruckEasy will be able to access our wide network to grow the supply side and also to expand to multiple locations country wide.”

TruckEasy and Tata Motors.

Nikhil Thomas, CEO –TruckEasy said, “TruckEasy has been on a disciplined growth since its inception, having coverage all over Bangalore serving both the planned and unplanned business segments. Our plan is to expand to other cities and replicate the success we have in Bangalore. With the entry of Tata Motors as an investor, a box of limitless opportunities has opened up.

Tata Motors having a majority market share in the SCV segment, the alliance will certainly give us access to lot of vehicles & businesses through their network. This would help us scale at a much faster pace. We in turn can give deeper insights into the SCV usage pattern with our vehicle data analytics. The driver community will be more confident on the aggregation business with Tata’s entry. Truly exciting times ahead!”

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