Seoul: Tata Motors has expressed interest in acquiring engine and transmission units of Daewoo Motors India (DMIL) soon after acquiring commercial vehicles operations of Daewoo Korea.

"We did express an interest in acquiring the facility," Tata Motors Chairman Ratan Tata told visiting journalists. The company had yet to hear from bankers, he added.

"If taking over the engine and transmission units makes sense, we will look at it," he said.

The move assumes importance as the Tata Group company's acquisition of the truck-making arm of failed Daewoo of Korea was part of its plans to become a global player.

Daewoo's India plant, situated on the outskirts of Delhi, has been shut since 2000 after the parent went bankrupt.

The Korean firm was one of the first foreign automakers to set up shop in India. DMIL was left out in a global deal in which General Motors Corp of the US bought the Korean firm.

Utility vehicle-maker Mahindra and Mahindra has initiated talks to buy the engine and transmission units of DMIL.

Indian arm of General Motors has begun due diligence process to acquire the car assembly unit of DMIL. Soon after the due diligence process, General Motors India will sign a definitive agreement with the creditors of DMIL.

Tata Motors, India's largest commercial vehicle-maker and the third-largest car-maker, sold over 88,000 cars during 2002-03. That translates into a market share of over 14 per cent.