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04/07/2008 14:32. Tata Daewoo Commercial Vehicle Co Ltd, Korea, a fully-owned subsidiary of Tata Motors , sold more vehicles in 2007-08, resulting in higher turnover and net profit for the year over the previous year.

The company also increased its market share in both the heavy and medium commercial vehicle segment during the year, according to the 2007-08 annual report of Tata Motors.

The annual report says that Tata Motors’ subsidiaries have significantly improved their financial performance during 2007-08. Tata Motors acquired Daewoo Commercial Vehicle Company in March 2004 for Rs 495 crore.

According to the annual report, Tata Daewoo Commercial Vehicle... // Moneycontrol.com