Erich Nesselhauf, managing director and CEO, Daimler India Commercial Vehicle, the Indian arm of German auto company Daimler AG, said, "Currently, we have a capacity to produce 72,000 trucks a year at our Oragadam unit in Chennnai. The company is on course to achieve the break-even by the end of 2018....
Mercedes to Sell India Made GLC in U.S.
Mercedes-Benz India — a wholly-owned subsidiary of Germany’s Daimler AG — will ship its best-selling vehicle, the GLC compact crossover, from India to the company’s U.S. subsidiary. Built at the automaker's plant in Pune, in the western state of Maharashtra, the vehicles will arrive in the U.S. in October, Mercedes-Benz U.S.A....
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...