The company is also looking to expand its export basket with the introduction of a new sub-nine tonne truck for overseas markets.
"While the market environment will continue to hold challenges for the industry (in 2017), we are planning to advance with our BharatBenz brand based on strong products, leading technologies and an even stronger focus on the customer," Daimler India Commercial Vehicles (DICV) Managing Director and CEO Erich Nesselhauf said in a statement.
"With BharatBenz, we have the best technology in the market based on proven solutions, and we're fully ready as we have been selling BS4 vehicles since more than a year already," he said.
Feedback from customers of the company's "BS4 fleet of several hundred vehicles clearly tells us we are perfectly positioned for the transition", Nesselhauf added.
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He further said: "A key growth driver for us will be the new generation of our BharatBenz heavy-duty trucks, which we are going to launch in the coming months. We have high expectations for this new product."
Last year, DICV sold 13,081 units of BharatBenz trucks as against 13,997 units in 2015 down 6.5 per cent.
"This development was due to a challenging market, which had turned negative in the second half of 2016 after a good first half," the company said.
"With the launch of a third product line for exports in 2017 at DICV we will enter the next stage in the strategic collaboration of DICV and MFTBC - this successful journey we began in 2013 pays off day by day," said Marc Llistosella, President and CEO of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Head of Daimler Trucks Asia.
DICV will start production of this third truck product family in 2017. The new sub-9 tonne vehicles will initially be designated only for exports as FUSO brand variants, first customer vehicles will be rolled out in the first half of the year, it said.
"Thanks to our successful exports, we have been able to more than compensate current challenges in the domestic market. With new products in the pipeline, we are geared up for further growth in 2017," he said.
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