Daimler India

Daimler India to offer vehicle financing solutions with Bajaj Finance

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 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 .

We have a team that innovates with data science and AI: DTICI MD & CEO

Vaidya talks about how the centre is driving innovation for the company and the growing importance of data and AI in the automotive industry

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 India aims to beat record as commercial vehicle sales rev up

Company will expand its dealer network, launch new models and it is working on alternative fuel options: CEO.

Daimler India aims carbon-free operations at TN manufacturing plant by 2025

Daimler India Commercial Vehicles Pvt Ltd (DICV) on Thursday said it is aiming for 100 per cent carbon-free operations at its manufacturing plant at Oragadam in Tamil Nadu by 2025. The company, which manufactures Bharat Benz trucks and buses, also said it has set a target of 100 per cent paper-free organisation by the end of 2023. DICV Managing Director & CEO Satyakam Arya said the company has achieved sustainable growth in its domestic as well as export businesses. "A few key objectives for the next decade are to achieve 100 per cent carbon neutrality in our operations by 2025, become a 100 per cent paper-free organisation by the end of 2023, increase energy self-reliance and have a sharper focus on workplace diversity and culture," he said in a statement. As part of its sustainable business plans, the company said it currently uses 85 per cent of its energy from renewable sources. It has already harnessed solar energy for its manufacturing facility in Oragadam and laid the ...

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 India breaches pre-Covid levels with record exports

Daimler said India was a key hub for its trucks, with the Indian subsidiary not only serving the 'growing' domestic demand, but also shipping to over 60 destinations across the globe

Truck and bus maker Daimler India targets 100% carbon neutrality by 2025

Daimler India Commercial Vehicles (DICV) will double its captive solar power generation, hike green power purchase, switch all internal shuttles to electric vehicles

Daimler India shuts bus and truckmaking unit for 3 days on parts shortage

Daimler said it is supporting its employees with its health programmes, adding that it will pay workers their full salaries for the non-production period

Amid pandemic, Daimler India offers financial support for its dealers

Salary support, group insurance for Covid-19, credit period for vehicles in stock are some of the support packages Daimler India Commercial Vehicles (DICV) offer for its dealers

Market share up 3.3% in CY2020 despite 34% sales dip, says Daimler India

Despite pandemic and economic downturn, firm outperformed Indian CV market and emerged with major increases in domestic sales (46%) and incoming orders (150%) for Q4

Daimler India expands product portfolio, launches 8 new models

Daimler India Commercial Vehicles (DICV) on Wednesday launched eight new products, including fully built reefer trucks which are customised for pharma and vaccine logistics. The Chennai-based company has introduced six trucks and two bus models equipped with new user-centric features and design elements under its Bharat Benz brand. The product portfolio comes with COVID-19 prevention features like infection-proof fabric seats, safety kits and disinfection fogging machines. In today's rapidly-changing environment, it is vital to meet the dynamic needs of society. With this in mind, we proudly introduce a new range with special COVID-prevention features," DICV MD & CEO Satyakam Arya said in a statement. Since the start of BS-VI sales in April 2020, Bharat Benz has almost doubled its market share and increased its network to 250 touchpoints across India.

Daimler India announces global competition for early-stage start-ups

Open from Dec 21 to Jan 29; initiative organised in association with Office of the Principal Scientific Adviser to GOI and Invest India

Daimler India to set up 350 new dealerships across country in next 2 years

Daimler India, which recently set up 10 new touchpoints, plans to have at least 350 dealerships pan-India in the next two years as it looks to deepen market penetration, a top company executive said

Capgemini to provide app development services to Daimler's R&D facility

Bengaluru-based Mercedes-Benz Research and Development India (MBRDI) has selected Capgemini to provide application development and maintenance services, a release said on Wednesday. Under the terms, Capgemini will enable application development and maintenance across all the client's application clusters, including generic, testing and niche technologies, Capegemini said in the release. MBRDI is the largest R&D facility of Daimler outside Germany. The contract was awarded as part of a vendor consolidation exercise in which Capgemini was selected as one of the major partners in the multi-vendor deal for application services, technology and delivery capabilities in business transformation, the release said. "We are delighted to be a lead partner in the digital transformation journey of the captive unit, to transform their (MBRDI) current IT into valuable assets aligned to the business objectives of their headquarters," said Ashwin Yardi, CEO of Capgemini, India and member of the ...

Daimler India enters used CV market with launch of BharatBenz Exchange

The programme will supplement its existing new vehicle sales model by offering a platform on which customers can exchange their used vehicles of any brand for new or used BharatBenz vehicles

Creating start-up culture to look beyond trucks: Daimler India MD&CEO

Satyakam Arya said that the commercial vehicle segment took the worst hit during the automobile slowdown in India

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

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