Mumbai, July 20
Tata Daewoo Commercial Vehicle Co Ltd (TDCV), one of the largest commercial vehicle manufacturer of South Korea and a 100 per cent subsidiary of Tata Motors, has developed South Korea's first liquefied natural gas (LNG) powered heavy tractor-trailer, an environment-friendly commercial vehicle.
TDCV pioneered the design, development and manufacture of the new LNG tractor, under an arrangement sponsored by Korea Gas Corporation (KOGAS).
The development work on the vehicle had begun in September 2004, said a press release from the company. KOGAS will put the vehicle on test drive during the second half of the year with a view to introducing it to the industry in 2007. The company that was acquired by Tata Motors in 2004, posted a turnover of Rs 1,584 crore in 2005-06, a growth of over 34.5 per cent over the preceding year's turnover of Rs 1,178 crore. In 2005-06, the company's profit after tax was at Rs 58.31 crore, a growth of over 160 per cent over the corresponding period last year of Rs 22.46 crore.