Daimler-BMW

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

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 .

Uber expressed interest in a potential acquisition of Free Now after the venture's efforts to attract additional investors struggled to gain traction

The firms said they had to face up to "complicated realities" in the fiercely competitive business of using apps to book cars for short-term rentals in urban areas

They will each hold half of a new joint venture company, which Daimler's Uebber said was likely to be headquartered in Germany