12th December 2013, 10:31
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| | Global truck companies Iveco & Paccar eyeing India
NEW DELHI: Global truck makers are targeting India's commercial vehicle segment with Fiat Group's Iveco and American Paccar looking to enter the country to tap the potential of the world's third-largest truck and bus market. |
Paccar, headquartered in Bellevue, Washington, already has a component sourcing and developing technology centre at Pune for its global operations, set up three years ago in partnership with local technology solutions company KPIT Cummins Infosystems.
It had also participated in the 11th Auto Expo in Delhi and showcased its premium trucks.
According to two persons with knowledge of the development, the American truck maker has undertaken a feasibility study for the Indian market for its potential brands. Globally, Paccar designs, manufactures and markets light, medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF brands.
Source : http://economictimes.indiatimes.com/...w/27233132.cms