Tata Motors, the largest automobile company in the country, today announced its foray into the Pakistan market through its fully-owned subsidiary, Tata Daewoo Commercial Vehicle Co (TDCV), and started a new truck and bus assembly unit in Karachi. | |
| The company has entered into a joint venture technical assistance agreement with Afzal Motors of Pakistan, which will assemble trucks and buses from the TDCV stable. |
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| With the plant's initial capacity to produce 3,000 units, the company aims to capture a market share of about 30 per cent in Pakistan in 2007-08. |
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| In a press statement issued today, Tata Motors said that its partner, Afzal Motors, has already begun sourcing knocked-down units of TDCV trucks, which will be available soon across Pakistan. |
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| Tata Motors has already launched similar heavy duty trucks under the 'Novus' brand in India, from the TDCV stable, which is the second largest manufacturer and exporter of heavy-duty trucks in South Korea. |
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