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Tata Motors acquired Daewoo, Daewoo's parent company is Tata Motors From Wikipedia, the free encyclopedia
Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in Gunsan, North Jeolla Province, South Korea and a wholly owned subsidiary of Tata Motors. It is the second-largest heavy commercial vehicle manufacturer in South Korea.[citation needed]
Formerly | Daewoo Commercial Vehicle Co. Ltd |
---|---|
Company type | Subsidiary |
Industry | Automotive |
Founded | 2002[1] |
Founder | Daewoo Motors |
Fate | Acquired by Tata in 2004 [2] |
Headquarters | |
Key people | Natarajan Chandrasekaran, (Chairman) Kim Bang-shin (President & CEO) |
Products | Commercial vehicles |
Parent | Tata Motors (2004–present) |
Website | tata-daewoo.com |
Tata Daewoo | |
Hangul | 타타대우상용차 |
---|---|
Hanja | 타타大宇商用車 |
Revised Romanization | Tata Dae-u Sangyongcha |
McCune–Reischauer | T'at'a Taeu Sangyongch'a |
The company was established in 2002 as "Daewoo Commercial Vehicle Co. Ltd", after it was spun off from parent Daewoo Motors.[1]
In 2004 it was acquired by Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company.[2] The Tata Daewoo has a collaboration with Tata Motors its parent company in India.
Tata Daewoo Korea and Afzal Motors-Pakistan signed a Technical Assistance Agreement on 12 December 2005 in Pakistan. The assembling plant of Afzal Motors in Pakistan was inaugurated by Prime Minister of Pakistan Mr. Shaukat Aziz on 8 January 2007. And assembles Truck Chassis and Daewoo Dump Trucks.[3]
In 2013, the Vehicular Authority of South Korea has ordered that the trucks sold by Tata Daewoo Commercial Vehicles, has been recalled due to a steering failure.[4] The 3,276 trucks sold in these country has been repaired and now are in service.[5]
Tata Daewoo-Korea and BadanBas-Malaysia signed a Technical Assistance Agreement in May 2015 in Malaysia. In 2017 Tata-Daewoo began to sell their trucks under the Daewoo brand in South Korea.[6][7]
In all of its recent versions, these trucks are engined by a Euro VI emissions standard engines.[8]
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