labels: automobiles - general, tata motors
Tata Motors'' subsidiary enters Pakistannews
19 January 2007

Tata Motors has announced its entry the Pakistan market through its subsidiary Tata Daewoo Commercial Vehicle Co (TDCV).

TDVC has commissioned a new truck and bus assembly unit in Karachi in a technical assistance pact with Afzal Motors (Pvt) Ltd of Pakistan, which was formally inaugurated by Pakistan's prime minister Shaukat Aziz.

The 3,000-vehicles per annum capacity plant will assemble TDCV's heavy-duty trucks and buses from the Daewoo bus company. Afzal Motors has already begun sourcing knocked down sets of TDCV trucks, tat motors said in a communiqué.

Tata Motors expects TDCV trucks to have a market share of 30 per cent in Pakistan in 2007-08.

TDCV is a 100 per cent subsidiary of Tata Motors and is the second largest manufacturer of heavy-duty trucks in South Korea, with a modern manufacturing facility at Gunsan.

It is also the largest exporter of heavy-duty trucks from South Korea, accounting for about two-thirds of the export of such vehicles from the country. In 2005-06, TDCV posted a turnover of Rs1,584 crore, a growth of 34.5 per cent and a profit of Rs58 crore, a growth of 160 per cent, the statement said.


 search domain-b
  go
 
Tata Motors'' subsidiary enters Pakistan