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]
History
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]