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Tata Daewoo form alliance with Pak firm
By Sources
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Tuesday, 20 December 2005, 20:30 IST
MUMBAI: Tata Daewoo Commercial Vehicles Company Ltd (TDCV) has signed a technical assistance agreement with Afzal Motors Pvt Ltd, a Pakistan-based company for assembling TDCV vehicles in Pakistan.
The assembling of Tata Daewoo vehicles in Pakistan would commence by the last quarter of 2006 at Afzal Motors' new plant in Karachi. The plant has a designed capacity to produce 3,000 commercial vehicles per annum on a single shift basis.
The company said in a statement, It will be the first Korean truck assembly project in Pakistan. Tata Daewoo is a 100 percent subsidiary of Tata Motors. Its vehicles are sold in almost 50 countries.