Tata Motors launches commercial vehicle range in Egypt with MTI
has introduced a range of
commercial vehicles
in Egypt in partnership with MM Group for Industry and International Trade (MTI), one of the country's major distribution companies. The launch includes models such as the Tata Xenon, Ultra T.7, Ultra T.9, Prima 3328.K, Prima 4438.S, Prima 6038.S, and the LP 613 bus. These vehicles are intended to address Egypt's transport requirements across cargo and passenger segments, supporting infrastructure development and logistics growth.
Asif Shamim, Head of International Business, Tata Motors Commercial Vehicles, said, 'Egypt is a pivotal market for Tata Motors, driven by its expanding infrastructure and the growing demand for reliable mobility solutions. With decades of experience in delivering advanced commercial vehicles across diverse geographies, we are confident that our offerings – from pickups, heavy trucks to buses – will cater to the varied needs of fleet owners and businesses in the market."
"Designed for performance, fuel efficiency and high uptime, our vehicles enable greater productivity and profitability. We aim to further strengthen the portfolio with new introductions at regular intervals to address evolving customer requirements. Backed by MTI's strong market insight and nationwide network, we are committed to creating lasting value in the country,' he added.
After-sales network and customer support
Khaled Mahmoud, CEO of MTI, said, 'The introduction of Tata Motors' commercial vehicles in Egypt marks a key milestone in the country's transport and logistics sector. With this launch, we are bringing trusted solutions catering to diverse applications and demanding conditions. Our focus will be on ensuring a superior ownership experience through MTI's after-sales network. We value our partnership with Tata Motors and are confident that, together, we will set new benchmarks in efficiency, durability and customer service in Egypt's commercial vehicle market.'
Customers will benefit from extended warranties of up to five years or 150,000 km on the Tata Xenon and Ultra ranges, along with scheduled service packages. MTI offers seven strategically located service points across Egypt to provide access to spare parts and maintenance support, aiming to maximise vehicle uptime.
Tata Motors supplies commercial vehicles across more than 40 countries, offering products ranging from sub-1-tonne to 60-tonne cargo vehicles and 9-seater to 71-seater buses.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Bitcoin tops 124k to hit new peak as Fed easing hopes lift sentiment
Bitcoin price today: The flagship cryptocurrency, Bitcoin, hit a fresh record on Thursday, surging past the $124,500 level, as risk-on sentiment deepened amid rising expectations of monetary easing by the Federal Reserve. The world's largest crypto-asset by market capitalisation rose as much as 1.27 per cent to $124,514.57 on Thursday, in Asia trading. It pared some gains to trade 0.6 per cent higher at $123,690 as of 8:30 AM IST. Bitcoin's market cap rose to around $2.5 trillion, according to CoinGecko. So far this year, bitcoin has risen by around 32 per cent, and since US President Donald Trump's election win in November, the cryptocurrency has risen nearly 80 per cent. The rally in the cryptocurrency came just after the equity benchmarks on Wall Street closed at record levels for the second straight session. The S&P500 and Nasdaq closed 0.32 per cent and 0.14 per cent higher, respectively. The risk-on sentiment among traders was boosted by the increasing expectations of Fed rate cuts after the latest inflation report, as per reports. The US core CPI, which excludes food and energy costs, climbed 0.3 per cent in July, the fastest pace since the start of the year, driven mainly by higher services prices. Further, on Wednesday, US Treasury Secretary Scott Bessent urged the Federal Reserve to cut half-point interest in the September meeting, amid reports that Trump might select a new Fed Chair sooner than expected. The bullish momentum for all cryptocurrencies gained traction after Trump signed an executive order last week to expand 401(k) (employer-sponsored retirement savings plan) access to alternative assets, aiming to improve returns and diversification, increasingly favourable regulatory environment. By directing regulators to clarify investment guidelines, the order is poised to unlock the massive $8.9 trillion retirement savings market to cryptocurrencies, a development that analysts believe is fueling fresh optimism and institutional interest in the crypto space. Altcoins soar Meanwhile, Ethereum (ETH), the second-largest cryptocurrency by market cap, is also exhibiting bullish momentum by surging to a fresh record high of $4,785.67 on Thursday. Last seen, Ethereum was trading 0.63 per cent higher at $4,748.99, with a trading volume of $58 billion. The altcoin had a market cap of over $573 billion.
The Hindu
an hour ago
- The Hindu
Bitcoin hits record high above $124,000
Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable U.S. legislation and a rise in U.S. equities. The cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating. US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency's rise. Bitcoin's value has recently soared, fuelled by U.S. regulatory changes under U.S. President Donald Trump, a strong backer of the crypto sector. Its price has also been boosted by large holders of cryptocurrency, referred to as "whales". "The crypto market is enjoying a period of highly favourable fundamentals," said Samer Hasn, senior market analyst at "President Donald Trump has moved to end restrictions that previously prevented banks from doing business with companies flagged for reputational risk concerns, a category in which crypto firms were often unfairly placed," he added. Trump may also be inclined to "accelerate the integration of cryptocurrencies into the national financial system and lift additional restrictions, given his and his family's growing involvement in the sector", Hasn said. Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin.
Time of India
an hour ago
- Time of India
Bitcoin hits record high above $124,000
Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable US legislation and a rise in US cryptocurrency rose above its previous July record, briefly exceeding $124,500 before stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency's value has recently soared, fuelled by US regulatory changes under US President Donald Trump, a strong backer of the crypto price has also been boosted by large holders of cryptocurrency, referred to as "whales"."The crypto market is enjoying a period of highly favorable fundamentals," said Samer Hasn, senior market analyst at Donald Trump has moved to end restrictions that previously prevented banks from doing business with companies flagged for reputational risk concerns, a category in which crypto firms were often unfairly placed," he may also be inclined to "accelerate the integration of cryptocurrencies into the national financial system and lift additional restrictions, given his and his family's growing involvement in the sector", Hasn media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin.
