Tata Daewoo Commercial Vehicle Company (TDCV) signs agreement with Afzal Motors of Pakistan
December 19, 2005

TDCV has signed a technical assistance agreement with Afzal Motors of Pakistan for the assembly of TDCV vehicles in Pakistan.

Tata Daewoo Commercial Vehicle Company, Korea, (TDCV) signed a technical assistance agreement (TAA) with Afzal Motors of Pakistan, on December 12, 2005, in Karachi for the assembly of TDCV vehicles in Pakistan.

The agreement was signed by K O Chae, president of TDCV, and Muhammad Ghufran, chief executive of Afzal Motors.

The assembly of TDCV vehicles in Pakistan is expected to commence by the last quarter of 2006 at the newly established plant of Afzal Motors in Karachi. The assembly plant has designed capacity to produce 3,000 commercial vehicles a year on a single shift basis. The assembly of TDCV vehicles in Pakistan will provide customers better products at competitive prices. It will be the first Korean truck assembly project in Pakistan.

TDCV, which is a 100 per cent subsidiary of Tata Motors, is the second-largest manufacturer of heavy-duty trucks in Korea, with a modern manufacturing facility at Gunsan in South Korea. TDCV vehicles are sold in around 50 countries across five continents.

Tata Motors is the world's fifth-largest medium and heavy commercial vehicle manufacturer, producing more than 150 commercial vehicle models with a range of small, light and medium to heavy-duty trucks, buses and tractor-trailers. Tata Motors, with revenues of over US$4.7 billion, is one of the flagship companies of the Tata Group. Over 3 million Tata vehicles ply on Indian roads making Tata a dominant force in the Indian automobile industry. Tata Motors acquired TDCV in 2004, and in 2005 acquired a 21 per cent equity stake in Hispano Carrocera, the leading bus manufacturing company of Spain.