+91 - 93105 43388 , +82 10-3980-3530
info@indokoreacenter.org
Tata Daewoo
Tata Daewoo (officially Tata Daewoo Mobility) 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.
The company was established in 2002 as “Daewoo Commercial Vehicle Co. Ltd”, after it was spun off from parent Daewoo Motors. In 2004 it was acquired by Tata Motors, India’s largest passenger automobile and commercial vehicle manufacturing company. 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.
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.The 3,276 trucks sold in these country has been repaired and now are in service.
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.
Tata Daewoo Motor Sales
Tata Daewoo Motor Sales began as the sales division of Daewoo Motors. In January 1993, Daewoo Motor Sales Co, Ltd. was separated from Daewoo Motors and created as a subsidiary of the Daewoo Group. Later that year, to avoid securities regulation restricting the public listing of newly-formed companies, Daewoo Motor Sales announced a merger with HanDok, which operated businesses in watchmaking and amusement park development.In 1995, now operating as Woori Automobile Sales Co., Ltd., Daewoo Motor Sales formally merged with Handok.In 1997, Handok Construction, originally a subsidiary of Handok, was also merged with Daewoo Motor Sales.
Daewoo Motor Sales also operated Seoul Auto Auction, South Korea’s largest auto auction and network of pre-owned car dealerships. In 1996, Daewoo Development established the brand name “Iaan”. Korean Iaan commercials during that time featured the actress Kim Hee-sun.
Daewoo Motor Sales was a partner in Mitsubishi Motors South Korea (MMSK) Corporation, a joint venture involved in the South Korean distribution of vehicles from Mitsubishi Motors. 85% of the venture was owned by Daewoo Motor Sales, with the remaining 15% owned by Mitsubishi Corp and Mitsubishi Corp (Korea) Ltd.Retail sales in South Korea of Mitsubishi cars imported from Japan and the U.S. commenced in the second half of 2008. MMSK Corporation stopped importing U.S.-sourced Eclipse coupes a few years later.
In 2008, Daewoo also announced plans to import small fuel-efficient vehicles and large passenger vans from China for the Korean market.
Daewoo Motor Sales announced a joint venture in 2008 with Paramount for the construction of Paramount Movie Park Korea, with Paramount acting as its licensor and managing creative development. 499,575 sq ft. (roughly 123 acres) of land in Incheon was set aside and a budget of W1.5 trillion (nearly US$1.5 billion) was allocated to the project, which was expected to be completed in 2011.As of 2024, no work appears to have begun on the project, with Paramount opting in 2018 for a partnership with another developer to build a larger, more expensive park in Incheon (see Paramount Movie Park Korea).
Despite the dissolution of Daewoo Motors, Daewoo Motor Sales maintained dealing partnerships with successors of Daewoo Motors, SsangYong Motor Company, and other foreign car companies; however, most of these partnerships were eventually terminated.