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Daimler India Commercial Vehicles
Commercial vehicle maker Daimler India said on Tuesday it has partnered with Bajaj Finance to offer tailor-made vehicle financing options for both its customers and dealers. The strategic partnership will offer customer-focused finance solutions with faster turnaround times for loan approvals, streamlined credit appraisal processes, and customised financing options to suit various customer needs, Daimler India Commercial Vehicles (DICV) said. As part of this collaboration, Bajaj Finance will provide a comprehensive range of finance products with flexible terms and conditions to cater to different business requirements, it said. "...This partnership helps our customers grow their businesses with confidence and capitalise on new market opportunities," said Sreeram Venkateswaran, President and Chief Business Officer at Daimler India Commercial Vehicles. "We are rolling out bespoke solutions for various customers from single truck owners to fleet operators providing them flexible ...
Daimler India Commercial Vehicles on Wednesday said it plans to foray into the domestic battery electric segment with the launch of the all-electric next-generation light duty truck eCanter in the next 6-12 months. The all-new next-generation eCanter had its world premiere in Japan and Europe in the second half of 2022. "The launch of the all-electric eCanter in India, within the next 6 to 12 months, is the first step in our long-term strategy to decarbonise our entire product portfolio," Daimler India Commercial Vehicles (DICV) MD and CEO Satyakam Arya said in a statement. However, the reality is that diesel ICE and carbon dioxide neutral propulsion technologies will continue to co-exist in the Indian market for the foreseeable future, he added. "A long-term plan like ours hinges on many complex external factors, some of which are, the availability of a charging and refuelling infrastructure, the availability of green energy, cost parity and wide-scale customer acceptance," Arya .
Daimler India Commercial Vehicles, the subsidiary of truck manufacturer Daimler Truck AG, recorded a 39 per cent growth in sales of trucks and buses in 2023, a top official said on Tuesday. The Indian subsidiary of Germany-based Daimler Truck posted a 13 per cent growth in cumulative sales in 2023 backed by strong product demand, thereby boosting a surge in revenues, the official said. In 2023, sales of domestic trucks and buses grew by 39 per cent while revenues went up by 21 per cent. The auto parts business also witnessed a 21 per cent growth last year. The company recorded a 107 per cent sales of buses in 2023, while cumulatively (including exports) sales grew by 13 per cent as compared to 2022. "Our best sales and financial growth since inception was spearheaded by excellent demand for our tipper and trailer product lines which grew 53 per cent and 79 per cent respectively. A slew of strategic initiatives that we undertook in 2023 also helped us to make informed decisions on .
Commercial vehicles maker Daimler India has forayed into the pre-owned business segment under its new brand 'BharatBenz Certified', the company said on Monday. Daimler India Commercial Vehicles is a wholly owned subsidiary of Stuttgart-based Daimler Truck AG. The new business initiative would refurbish and sell pre-owned BharatBenz trucks to customers. To be initially available at Trident Trucking in Bengaluru, the BharatBenz Certified programme would be expanded to other dealerships across the country. "Our perpetual and thorough market research practice brought to our attention the aspiration of customers who would like to purchase pre-owned BharatBenz trucks. This need in the market gave birth to the idea of launching BharatBenz Certified -- a company-steered pre-owned CV business initiative...," BharatBenz Marketing, sales, and customer service, President Rajaram K said. BharatBenz Certified would also be the catalyst for its customers to upgrade their fleet to new BharatBenz
Daimler India Commercial Vehicles (DICV) on Monday announced growth in its sales and revenue in 2022, selling over 29,000 units during the calendar year (CY). A company release said "despite supply chain headwinds and adverse cost environment, 2022 was one of the most successful business years." "The company reported a revenue growth of 37 per cent and a sales growth of 25 per cent in CY 2022 over CY 2021. 2022 was especially the best year of growth as DICV sold a total of 29,470 domestic and export units of trucks and buses in the calendar year," DICV, a wholly-owned subsidiary of Daimler Truck AG, Germany, said. In 2022, the vehicle-maker crossed the production milestone of two lakh vehicles, including for domestic and exports. "The company recorded its best ever annual vehicle exports with 11,000 units, best-ever annual part sales (over 245 million parts) and best-ever annual domestic vehicle sales in 2022," it added. Satyakam Arya, Managing Director and CEO of DICV, said 2022
Daimler India Commercial Vehicles Pvt Ltd (DICV) on Friday reported 48 per cent growth in truck wholesales at 14,222 units in 2021. The company, which manufactures BharatBenz brand of trucks and buses, had registered truck wholesales of 9,624 units in 2020. "Despite supply chain headwinds, rising input costs, rising fuel prices and the impact of the pandemic, we closed the year with a 48 per cent increase in domestic wholesales and achieved highest-ever growth in exports of trucks, buses and parts," DICV Managing Director & CEO, Satyakam Arya said in a statement. Exports of trucks and buses were at 9,073 units in 2021 as against 4,680 units in 2020, a growth of 93.87 per cent. Arya said DICV and 'BharatBenz' complete 10 years in the Indian market in 2022 and the company is geared up for a "sustainable growth this year". DICV said it has continued to expand the sales and service network for BharatBenz across India and crossed 270 touch points last year. It is expanding the network
Pre-owned vehicles and equipment marketplace Shriram Automall India Ltd (SAMIL) on Monday said it has entered into a strategic partnership with Daimler India Commercial Vehicles (DICV) to expand its used vehicle exchange business in commercial vehicle (CV) space. Under the partnership, SAMIL will provide its online-offline auction platforms to facilitate quick sale of used commercial trade-in vehicles to individuals approaching dealers of BharatBenz, a brand of DICV, and purchase new DICV vehicles, the company said in a statement. SAMIL CEO Sameer Malhotra said, "We are confident that this association will benefit both sides. Our platform has the capability to serve more players like DICV and make the trade in processes easier for them, thus freeing them to focus on their core competency while we focus on ours." DICV Vice President, Marketing & Sales, Customer Service Rajaram Krishnamurthy said the tie-up with Shriram Automall will provide ease of accessibility to pre-owned ...
Daimler India Commercial Vehicles (DICV) has said it has received its first BS-VI readiness certification with heavy-duty tractor trailer model, 5528TT. The 5528TT, which is targeted at applications like cement, bulkers, steel coils, tankers and other heavy load transportation, received homologation certificate from Automotive Research Association of India (ARAI), DICV said in a statement. Commenting on the development, DICV Managing Director and CEO Satyakam Arya said,"at DICV, we fully utilise our know-how and experience from Daimler's global platforms for BS VI. Furthermore, our in-house R&D centre gives us the advantage in customising platforms for local duty cycle and usage patterns." The BharatBenz BS-VI engine and after-treatment system are built on the SCR (selective catalytic reduction) based technology which the brand pioneered since introduction of BS-IV in 2017, it added. "Similar to BS IV, BharatBenz will lead the way with the introduction of BS VI. We will further ...