"Restructuring of Daewoo Corporation is a routine exercise and there is no change in the functioning of DMIL because of these developments," Awasthi said.

On Foreign Investment Promotion Board's (FIPB) approval to Daewoo Corporation for transferring its entire 92 per cent equity holding in DMIL to DMC of South Korea, Awasthi said this was a part of the restructuring process and business in DMIL would be as usual.

About 50 chief executive officers of Daewoo group, including Daewoo India chairman KH Nam, had resigned en masse on June 30 following the group chairman Kim Woo Choong's direction to handover resignations to pave the way for restructuring of the company.

Most of the CEO's were reappointed later. Daewoo india chairman wasalso asked to continue, the company sources said.

Choong had also sacked two-thirds of the group's chief executives as part of a drive to streamline management.

Apparently unaffected by developments in the parent company, DMIL is currently concentrating on enhancing the production volume of its small car Matiz keeping in view the growing demand of the vehicle in India and abroad, DMIL sources said.

The company is planning to double the production to 5,000 units per month from September by manufacturing the small car in two shifts as against the present one shift.

On sales front, it has recorded a 14.8 per cent growth in car sales during June as against previous months sales figures.

Daewoo sold 2584 cars in June this year as against 2250 vehicles in the previous month.

However, the company recieved orders against full payment to deliver 3604 vehicles during the month.

Of the total dispatched cars, 2231 were small car Matiz and rest were mid-size Cielo and Nexia models.

DMIL is currentlyproducing over 100 cars a day which would be increased to 160 cars per day in July. This would considerably reduce the long waiting period, the company sources said.