Post

Daimler Expands Truck Production in India

Daimler Expands Truck Production in India

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. We hope to close the year with a double-digit  growth. In 2019, we will post strong growth as we expect lots of buying prior to the implementation of BS-VI emission norms [to be effective in 2020].”

Nesselhauf added that 70% of the company’s production in Chennai was meant for the India market. “We have created a solid base to cater to both India and global markets,” he said.

Daimler, Chennai facility
Daimler, Chennai facility
Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries