NEW DELHI, Oct 22 (Reuters) - India's biggest truck maker, Tata Motors Ltd , said on Wednesday it had been selected as the "preferred bidder" for South Korea's bankrupt Daewoo Corp's truck unit.
Ravi Kant, executive director of Tata Motors' commercial vehicles business unit, told Reuters by telephone the company expected to sign an agreement next week and would begin due diligence thereafter.
Daewoo Commercial Vehicle Company is the second-largest maker of heavy commercial vehicles in Korea with a market share of 26 percent.