Daimler

Outgoing Daimler Truck CEO Daum expects no recovery in China, Germany

He said he did not expect a recovery in the Chinese truck market this year or next, adding that China was in a deep crisis, according to remarks published on Wednesday

TVS Supply Chain Solutions signs deal with Daimler Truck South East Asia

TVS Supply Chain Solutions has secured a strategic deal with truck manufacturer Daimler Truck South East Asia to streamline its supply chain operations in the region. Daimler Truck South East Asia Pte Ltd is a company of German truck maker Daimler Truck AG. "...announced a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for integrated supply chain solutions service in Singapore." city-headquartered TVS Supply Chain Solutions said in a statement. The company said the deal would streamline supply chain operations for the distributor network, dealer and workshops of Daimler Truck South East Asia in 16 countries located in the Asia-Pacific region from its strategic logistics centre in Singapore. TVS Supply Chain Solutions Global Forwarding Solutions CEO Vittorio Favati said, "The scope and prestige of this partnership reflect the trust placed in TVS SCS to manage critical supply chain operations." The collaboration between the two

Daimler India names Muthu Maruthachalam as new chief of ops, logistics

Muthumaruthachalam began his career with DICV in 2009 as a specialist in heavy-duty truck project management

Daimler India to enter battery electric segment with new gen eCanter

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 CV posts record sales in 2023 boosting growth in revenue

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 .

Warehouse developers scramble for land in India as firms look beyond China

Prime targets are firms looking to expand manufacturing facilities beyond China as tension with the United States and other countries takes off some of its shine

Daimler enters pre-owned market with launch of 'BharatBenz Certified'

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

Toyota, Daimler, Hino, Mitsubishi joining forces in ecological technology

German truck maker Daimler, Japan's top automaker Toyota and two other automakers said Tuesday they will work together on new technologies, including using hydrogen fuel, to help fight climate change. The companies said Mitsubishi Fuso Truck and Bus Corp., whose top stakeholder is Daimler Truck, and Hino Motors, the truck maker in the Toyota group, will merge. Daimler Truck and Toyota Motor Corp will equally invest in the holding company of the Mitsubishi-Hino merger, they said without giving a dollar amount for the deal. The companies plan to cooperate in reducing carbon emissions and developing other technologies such as autonomous driving, net-connected services and electric vehicles. This collaboration among our four companies is a partnership for creating the future of commercial vehicles in Japan and the future of a mobility society,' said Toyota Motor Corp. Chief Executive Koji Sato. The two truck companies will work on commercial vehicle development, procurement and produc

Daimler India rolls out BharatBenz Simulated Driver trainer initiative

Daimler India, the subsidiary of Stuttgart-based truck maker Daimler has rolled out 'BharatBenz Simulated driver trainer' initiative aimed at enhancing driving skills and adapting drivers to digital technology, the company said on Tuesday. Daimler India produces commercial vehicles under brand 'BharatBenz' at its facility in Oragadam about 45 km from here. BharatBenz Simulated driver trainer offers an immersive multi-sensory digital experience and provides an inclusive training programme in five languages and 27 driving modules, the company said. It would enhance driver skills, help them learn and adapt to modern technology in BharatBenz trucks, better their logistical efficiency, drive safer than before and strengthen driving capability for interstate, intra-city, hilly and mining terrain applications. In its initial phase, the Simulated Driver Trainer would cater to drivers of heavy duty trucks. The Simulated Driver Trainer is a combination of a computerised and digital experien

Daimler India reports 'strong' growth in revenue, sales in CY 2022

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

US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics

ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'

Daimler India logs 48% growth in truck wholesales from previous year

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

Daimler Truck's new Innovation Centre to focus on green technology

Unit will provide competitive advantage by building deep engineering and IT capabilities to achieve zero emission and industry-leading innovations in software and electronics

Infosys to transfer Daimler's HPC workloads to green data centre in Norway

Infosys said it will transfer Daimler's HPC workloads used to design vehicles and automated driving technologies to one of Europe's greenest data centres, Lefdal Mine Datacenter in Norway.

BMW, Daimler may keep up prices even after chip shortage crisis

Automakers Daimler and BMW are planning to limit the volume of premium models they ship even as chip shortages wane across the industry

Daimler CEO says carmakers could face chip shortage into 2023

"Several chip suppliers have been referring to structural problems with demand," Ola Källenius told reporters during a roundtable event ahead of the Munich IAA car show

Daimler to keep 35% stake in trucks business, spin off this year

Daimler will keep a 35% stake in the trucks division it plans to spin off this year, the luxury carmaker said, giving more details on a landmark corporate split it hopes will boost share values

German automaker Daimler reports Q2 preliminary adjusted EBIT of $6.42 bn

Mercedes-Benz maker Daimler AG on Thursday reported preliminary adjusted group EBIT of $6.42 billion for the second quarter, with car and truck divisions beating analyst targets

China, global economic recovery boost profit at automaker Daimler

German car and truck maker Daimler AG says net profit rebounded strongly to 4.4 billion euros (USD 5.3 billion) in the first three months of the year

French carmaker Renault to sell its stake in Daimler to reduce debt

Renault said in a statement that it would sell its 16.45 million Daimler shares through a placement to qualified investors via an accelerated bookbuilding process