Daimler India eyes new areas like defence vehicles to limit future risks

German auto major Daimler's Indian arm Daimler India Commercial Vehicle (DICV) is exploring new areas such as defence vehicles, off-highway engines, LCVs among others to address future cyclical challenges in the domestic commercial vehicle industry.

Satyakam Arya, managing director and CEO, DICV said that beyond trucks, the company want to promote innovation culture, new business ideas and revenue streams.

While exploring venturing into allied space including defence, off-highway engine manufacturing, LCVs among others, for innovations, the company said it is ready to fund, mentor and collaborate with education institutes and freight aggregators.

The diversification is also part of company's derisking strategy and to