Mumbai, Oct 23: Tata Motors has been selected as the "preferred bidder" for the heavy commercial vehicle unit of Daewoo Commercial Vehicle Company Ltd in Korea. The "preferred bidder" status would require it to enter into a memorandum of understanding to be negotiated with DWCV followed by a detailed due diligence process, a Tata Motors spokesman said in a release. DCVC, the commercial vehicle unit of Daewoo Motor Corporation, was incorporated under a re-organisation plan on November 1 last year. It is currently the second largest manufacturer of heavy commercial vehicles in Korea with a market share of about 26 per cent. Bureau Report