Daimler India Commercial Vehicles (DICV) today said its Managing Director and Chief Executive Officer Erich Nesselhauf will take up a global responsibility at company's headquarters in Germany with effect from October 1.
Nesselhauf, who was heading DICV since June 2014, will return to Germany to take over global responsibility for manufacturing engineering at Daimler Trucks' headquarters, the company said in a statement.
His successor in India will be announced in due course, it added.
"We thank Erich Nesselhauf for more than ten years of dedicated service in this strategic growth market. Under his leadership, we have firmly established our footprint in India, which includes our domestic BharatBenz business as well as exports from India to markets around the globe," Head of Daimler Trucks Asia Hartmut Schick said.
Nesselhauf joined Indian operations in 2008 and built the local procurement and supply chain strategies from ground up. In June 2014, he was named Managing Director and CEO of DICV.
Under his leadership, the company further accelerated its ramp-up in the Indian CV industry as it advanced to a production of almost 100,000 vehicles since 2012.
Besides, under his watch company sold over 75,000 BharatBenz units in the domestic market, exported BharatBenz, FUSO, Mercedes-Benz and Freightliner brands to over 40 markets across the globe.
It also shipped more than 50 million parts from India to other Daimler entities in Europe, Japan, North and South America.
DICV is a 100 per cent subsidiary of Germany's Daimler AG.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
