Tata Motors, Country’s largest automobile company has informed that its Korean commercial vehicle subsidiary Tata Daewoo has developed the prototype of the 4.5 tonne LPG truck in association with the Korean government. 

The company quoted during a press release that the vehicle was developed by Tata Daewoo in association with the Ministries of Commerce, Industry and Energy, Korea Energy Management Corporation and a consortium of 12 organizations. 

The first Korean LPG medium commercial vehicle would be of 4.5 tonne payload and powered with a 5.9 litre Liquid Phase Injection (LPLi) LPG engine. Further, it would conform to EURO V emission norms. 

Rajen Shah, CIO, Angel Broking sees excellent times ahead for stock markets over a long term. He feels that the markets may consolidate or head lower in the short-term. Besides this fact, he thinks that the current situation is a great time to buy with long-term investment horizon. 

Somebody putting his money at this point of time, is sure to get amply rewarded over the next 24-30 months, he quoted. However, one should pick the right stock.

Tata Motors has declined over 65% in recent global meltdown and now available at attractive level. The investors, who are interested in Auto sector, can pick this major stock at current level but only keeping in mind investment horizon of long term.