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TaMo, M&M deal in Indonesia falters

Financial Express Pune

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February 24, 2026

Local think tank projects a $2.3-bn hit to Jakarta's GDP

- GEETA NAIR & AKBAR MERCHANT

INDONESIA'S PLAN TO import 105,000 pickup trucks and light commercial vehicles from Tata Motors and Mahindra & Mahindra for its flagship rural cooperative programme has triggered a wave of domestic opposition, with industry bodies and economists urging President Prabowo Subianto to reconsider the move.

The proposed procurement of Indonesian Rupiah (Rp) 25 trillion ($1.5 billion) - among the largest global supply contracts won by the two Indian automakers - is meant to bolster the government’s Koperasi Merah Putih initiative to strengthen rural logistics and food supply chains. State-owned Agrinas Pangan Nusantara has placed orders for 35,000 four-wheel-drive pickups and 35,000 six-wheel trucks each from Tata and Mahindra, with deliveries scheduled through 2026.

Financial Express Pune

यह कहानी Financial Express Pune के February 24, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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