Daimler to launch 17 trucks in India over 20 months
03 Mar 2012
Daimler India Commercial Vehicles (DICV), a unit of Germany's Daimler AG, plans to launch as many as 17 truck models over the next 20 months, focusing mainly on the high-volume 7-49 tonne market.
This will be made possible by the company's new 400-acre facility at Oragadam near Chennai, which will launch production in April; and the company expects to announce three new truck models in the third quarter of this year.
The trucks will be made under a new brand called BharatBenz, underlining its Indian credentials. Daimler also expects to export the trucks to SAARC countries, Africa, and West Asia.
''We have invested Rs4,400 crore in the Indian facility, we are here for the long haul. We are excited about the opportunity … and we have been working on a strategy for about seven years now,'' Marc Llistosella, chief executive and managing director of DICV, said at a preview of the company's products in Hyderabad on Friday.
The strategy to shake up India's trucking market hinges on fuel efficiency and lower total cost of ownership, along with in-house financing and insurance.
''If you compare with competition, our products are going to offer double-digit percentage benefit in fuel efficiency. The cost of the vehicle, too, is going to be comparatively less. It will not take three or four years for our customers to see returns from our products. It should not take more than six to 12 months,''said Aydogan Cakmaz, vice-president, product engineering, DICV.