Tata Daewoo Tata Daewoo Tata Daewoo (officially Tata Daewoo Commercial Vehicle Company) is a commercial vehicle manufacturer headquartered in Gunsan, Jeollabuk-do, 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 Motor Co. Ltd. In 2004 it was acquired by Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company. Tata Daewoo has CKD Projects in India and Pakistan instead. Tata Daewoo-Korea and Afzal Motors-Pakistan signed a Technical Assistance Agreement
Daewoo Tico Austria and Poland. It was also exported to Latin America where it also was named Daewoo Fino for some markets. It was especially popular in Peru, where it was one of the most popular car models used for taxi services. Daewoo expanded at the beginning of 1995, but the Tico was never sold in any of these markets, although its successor, the Matiz, was launched there in 1998, and went on to be a sales success. Over its years of production, the Tico underwent major modifications to its specifications, mostly to the engine. Originally equipped with a carburetor and producing