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Article: TATA MOTORS TO EXPLOIT COMPLEMENTARITIES WITH DAEWOO.
- Article from:
- AsiaPulse News
- Article date:
- March 30, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GUNSAN (SOUTH KOREA), March 30 Asia Pulse - Having acquired the truck making arm of Korea's failed automaker Daewoo, Tata Motors (BSE:TAMO) said it plans to introduce its existing small and medium commercial vehicles in Korea and bring heavy trucks from the Korean firm to India.
"We believe Tata Motors and Daewoo Commercial Vehicles (DWCV) have complementarities...Tata Motors will have heavy vehicles with this acquisition..we hope to add medium and small vehicles into Daewoo's range by making it available to the latter," Tata Group Chairman Ratan Tata said here Monday.
Ruling out any merger of DWCV with Tata Motors for the time being, Tata ...