Daimler Truck plans Rs40bn investment in India

Daimler Truck has announced plans for a significant Rs40bn investment in India, as shared by Just Auto, a GlobalData owned brand. The investment, facilitated through a non-binding memorandum of understanding with Tamil Nadu, would increase DICV's total investment in the country to over Rs145bn. The funds will focus on BharatBenz product development, manufacturing, research and development, infrastructure, and technology readiness.

The investment is expected to create around 400 jobs and leverage the company's existing 400-acre site in Oragadam, Chennai, where it employs over 4,000 people and collaborates with 400 local suppliers. Over 92% of BharatBenz product value comes from its Indian supplier network. Established in 2012, BharatBenz has recently opened a Parts Logistics Centre in Pune to enhance parts availability and dealer service support.

DICV contributes to Daimler Truck's global supply chain, exporting over 75,000 trucks and buses and parts to more than 70 markets. DICV's managing director and CEO, Torsten Schmidt, stated that as infrastructure, logistics, mining, construction, and passenger mobility sectors grow, Indian customers require trucks and buses with higher uptime, safety, reliability, and operating efficiency.

Through BharatBenz, DICV aims to strengthen product offerings, localization, service readiness, and parts availability in India while reinforcing the country's role as a vital manufacturing and supply base within Daimler Truck's global network. In June, DICV signed an MoU with India's Ministry of Road Transport & Highways (MoRTH) under the government's scheme to replace old trucks and buses in the Delhi-NCR region.