Daewoo Commercial Vehicles now a Tata subsidiary
Gunsan: Tata Motors has signed a contract worth 20.6 billion won ($105 million) to acquire South Korea's Daewoo Commercial Vehicle. The signing of the contract converts Daewoo Commercial into a wholly owned subsidiary of Tata Motors, the world's sixth-largest truck producer.

Daewoo Commercial, with an annual capacity of 20,000 vehicles, has a domestic market share of 26 per cent and posted 265 billion won in sales last year.
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