In December 2020, Marcopolo and Tata Motors came to an agreement, whereby Tata Motors would purchase the 49 percent stake held by Marcopolo in the bus-making joint venture for ₹100 crore, bringing curtains to the 14-year old partnership and paving the way for a smooth exit for the Brazilian company.
[1] The deal allowed Tata Motors to continue using the ‘Marcopolo’ trademark for a minimum of three years with a non-compete provision in India for a corresponding period.
[2] The primary bus manufacturing and building unit started in Lucknow, Uttar Pradesh, with an output of 8 buses per day.
[3] Tata Marcopolo buses were seen at Bus World exhibitions too, and it was able to capture the attention of customers and viewers.
[4] The company received 300 bus orders from some state governments of India, each bus costing around ₹1 crore.Tata Marcopolo buses are being used in several Indian cities as part of the local transport fleets like Navi Mumbai, Ahmedabad, Delhi, Jaipur, Bengaluru, Coimbatore, Mysuru, Kolkata, Chennai, Lucknow, Kanpur, Chandigarh, Pune, Nagpur, South Kanpur, Madurai, Naya Raipur, Indore, Hyderabad, Thane, Thiruvananthapuram, Visakhapatnam, Vijayawada, Amritsar, Amaravati, etc.