Tata Motors'' subsidiary enters Pakistan
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.