Daimler to invest 300 million euros in Asia

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the 100% wholly-owned subsidiary of the world’s leading truck manufacturer Daimler AG, announced the debut of the DICV manufactured FUSO FI (medium-duty) truck at the Tokyo Motor Show which began yesterday.

The two commercial vehicle subsidiaries MFTBC and DICV are bundling their Asia business under the umbrella of Daimler Trucks Asia with a view to reaching their joint target of 290,000 units of the FUSO and BharatBenz brands until the year 2020. To this end it also announced an investment of € 300 million between 2014 & 2018 to boost the production and sales network of Daimler Trucks in Asia. This is over and above the existing / already planned investments.

Dr. Albert Kirchmann, President & CEO - MFTBC, said: “With this investment, we will expand our existing production and assembly network in order to prepare ourselves for the demand in Asia and Africa”. Dr. Kirchmann added: “Thus, we are investing in the future of a strong team from two cultures. I am proud of the team from Japan and India, which is working hard together in order to bring the right products for the future markets on road”.

Under the motto “Building together” Mitsubishi Fuso Truck and Bus Cooperation (MFTBC) is proving that based on its strong Cooperation with DICV under the Daimler Trucks Asia strategy, it already has the right products on offer for the future markets. The new, medium-duty FUSO “FI” truck is currently celebrating its trade fair debut before an international audience. The vehicle, which is one of a total of five FUSO truck models from the production facility of Daimler India Commercial Vehicles, is custom-tailored to customers in the growth markets of Asia and Africa.

Source : CarDekho - Mitsubishi cars - Daimler to invest 300 million euros in Asia