Daewoo Motor India (DMIL) was put up for sale on Friday by a debt recovery tribunal in Mumbai (once known as Bombay) which invited bids from prospective buyers.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company, which entered India in the mid 1990s, owes debts of more than Rs 1000 crore to three financial institutions, and NDTV report said.


ICICI Bank has the highest exposure of Rs 500 crore, IDBI has an exposure of Rs 450 crore and Exim Bank has an outstanding of Rs 100 crore.


ICICI had petitioned the DRT for appointment of a receiver to sell the plant either through a private deal or through a public auction, the report added.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now