The JV has been signed and they are looking at manufacturing the light and medium CV's initially and heavy duty trucks by 2012.
The greenfield facility will come up either in Chennai, Pune or Haryana.
Source:
Business Standard
This article also mentions that Daimler has been assembling the Actros range of trucks in India for some time. Has anybody seen one on the roads?
How do these range of trucks compare to the other truck manufacturers?
There is no mention of buses being introduced though.