Daimler India Commercial Vehicles (DICV) has signed a second Memorandum of Understanding (MoU) with the government of Tamil Nadu. Aimed at expanding the production capacity of the Oragadam plant, the MoU entails an investment of Rs.2277 crore. Suppliers expected to benefit as a ripple effect of the investment include the likes of Apollo Tyres, Motherson Sumi Systems Ltd., Wabco India (now acquired by ZF Friedrichschafen AG), Jamna Auto Industries and Brakes India among others. Creating a pool of 400 jobs, the MoU is a testimony of the company’s long-term commitment to the Indian market. DICV is also known to have exported more than 30,000 vehicles and 125 million parts, setting a perfect example for the ‘Make in India’ concept. Since the launch of its ‘Made in India’ brand, BharatBenz in 2012, the company has sold more than one lakh trucks and buses in India as well as globally.
