Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler AG, Stuttgart, Germany along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), again a Daimler Company, launched its DICV-made Fuso trucks in Bangladesh, making it the 6th strategic market since the start of exports in May 2013. Bangladesh is one of the key markets in Asia for DICV-made[Read More…]
After laying the foundation stone for a bus plant a month ago, Daimler India Commercial Vehicles (DICV) today announced that it has crossed the threshold of 10,000 sold BharatBenz trucks since market launch in September 2012. In addition to achieving the feat within 18 months of launch, the company also witnessed another milestone with sales crossing 1,000 units in a[Read More…]
Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles Pvt. Ltd. (DICV), today reported important personnel changes in their Board of Management, which will be effective June 01, 2014. These changes have been decided by the Board of Management, Daimler AG, but as a formality are still subject to the approval by the Shareholders’ meeting and[Read More…]
Daimler AG and Evonik Industries AG are restructuring their activities in the field of electric mobility in Kamenz and Kirchheim/Teck, and are thus reflecting the changed market conditions. Daimler will acquire all of the shares held by Evonik in Li-Tec Battery GmbH (50.1 percent) and in Deutsche ACCUmotive GmbH & Co. KG (10 percent). This will make Daimler the sole[Read More…]
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…]
The Automotive World (AW) Megatrends conference, featured a panel discussion participated by eminent speakers from the CV industry. The roster included Ravi Pisharody, President CVBU, Tata Motors, Marc Llistosella, CEO and MD, Daimler India Commercial Vehicles (DICV), A Ramasubramanian, President, AMW Motors and Anders Grundstromer, MD, Scania Commercial Vehicles India (SCVI). While addressing a host of issues, the speakers focused[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…]
Daimler India Commercial Vehicles (DICV) has laid the foundation stone for its new bus manufacturing facility in Chennai. The company plans to invest Rs 425 crore in the new factory with an installed capacity of 1,500 buses, which can be expanded to 4,000 buses subsequently. The new plant, expected to be completed by the second quarter of 2015, will manufacture[Read More…]
