The company was established in 2002 as "Daewoo Commercial Vehicle Co. Ltd", after it was spun off from parent
Daewoo Motors. Tata Daewoo Korea and Afzal Motors-Pakistan signed a Technical Assistance Agreement on 12 December 2005 in
Pakistan. The Afzal Motors plant in Pakistan was inaugurated by
Prime Minister Shaukat Aziz on 8 January 2007. It assembled Truck Chassis and Daewoo Dump Trucks. In 2013, the Vehicular Authority of South Korea ordered that the trucks sold by Tata Daewoo Commercial Vehicles be recalled due to a steering failure. The 3,276 trucks sold in the country were repaired and came back in service. Tata Daewoo-Korea and BadanBas-Malaysia signed a Technical Assistance Agreement in May 2015 in Malaysia. In 2017, Tata-Daewoo began to sell their trucks under the Daewoo brand in South Korea. == Leadership ==