Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a 100 percent wholly owned subsidiary of Daimler AG, announced that they have started exporting FUSO brand to Tanzania. This is the fourth market that FUSO has entered since the start of export in May 2013. FUSO branded trucks, which are manufactured at DICV‘s Oragadam plant, is aimed only for exports in Asia[Read More…]
Daimler Buses has completed business year 2013 as planned and returned to profitability. The Daimler AG division recorded operating profit of €124 million after posting an operating loss of €221 million in the previous year. Sales rose by five percent to 33,700 units (2012: 32,100), and revenues increased by four percent to €4.1 billion (2012: €3.9 billion). The company is[Read More…]
Martin Koers, President, Verband Der Automobilindustrie (VDA) draws attention to the need of taking green energy sources seriously by Auto components manufacturers from a long term perspective. He speaks to ACI correspondent, Deven Lad about similarities between the Indian and German auto industry and the changes that the stakeholders of the respective nations can look forward to. Q. How stable[Read More…]
