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Daimler India reaches significant milestone in exports

Press Trust of India  |  Chennai 

: Daimler India Commercial Vehicles, subsidiary of Germany-based Daimler AG on Tuesday said it reached a milestone of producing more than 25,000 vehicles for the overseas market.

From the company's 440-acre facility situated at Oragadam about 45kms from here, a Fuso FJ1823 R was shipped to Saudi Arabia recently, a company statement said.

"More than 25,000 vehicles have been delivered since the start of DICV's export business in 2013", it said.

Daimler India's Chennai facility is the only location for the company to produce engines, transmissions, trucks and buses under the BharatBenz, FUSO, Mercedes-Benz and Freightliner brands.

Commenting on the milestone, DICV, Managing Director and CEO, Satyakam Arya, "the milestone of crossing 25,000 units in exports illustrates the demand and acceptance of our products in global markets."

"It stands testimony to the quality and efficiency of the products that are built in India by Daimler. With new markets constantly getting added to our export fold, our Indian operations will continue to play a strategic role in Daimler's growth story," he said.

In 2018, exports by DICV were at 7,054 trucks as against 6,553 units shipped in 2017.

The company said the parts business with over 100 million parts were exported to Daimler Group's other entities.

DICV currently serves over 50 countries in Africa, Latin America, Middle East and Asia, Chile, Ivory Coast, Cameroon, Rwanda, Ghana and Egypt.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 19:10 IST