Bangkok--29 Jul--DC Consultants and Marketing Communications Tata Daewoo Commercial Vehicle Co Ltd (TDCV), a fully-owned subsidiary of Tata Motors in Korea, posted an increased turnover and profits for fiscal year 2007-08, according to Tata Motors’s annual report. TDCV reported an increase in sales by 38% to 11,899 units for fiscal 2007-08 against 8,588 units sold in the previous year. The market share has risen from 24.3% to 32.3% in the heavy commercial vehicle segment, and from 28.2% to 34.8% cent in the medium commercial vehicle segment. The company earned a net profit after taxes of US$ 40.76 million from a turnover of US$ 762.54 million this fiscal year, against US$ 22.28 million from a US$ 514.05 million turnover in the previous year. With an export volume of 3,000 units, up from 2,715 units in the previous year, TDCV remains Korea’s largest exporter of heavy commercial vehicles. Tata Motor acquired Daewoo Commercial Vehicle Company in March 2004. Issued by: Sompong Polchitcharoon General Manager (Marketing), Tata Motors (Thailand) Ltd. http://www.tatamotors.co.th Call Center: 1800 999 900, 1401 999 900 (from mobile phone) For more information: Patima Rachatawarn DC Consultants and Marketing Communications Ltd. Phone: 662 610 2344 e-mail address: [email protected]