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|6th November 2006, 01:24||#1|
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DaimlerChrysler eyes Indian bus market
The country's booming bus market is attracting yet another global heavyweight to try its luck on Indian roads, with luxury carmaker DaimlerChrysler India kicking off a market feasibility study for its range of buses.
With inter-city and intra-city travel now on the rise and competitors such as Volvo making significant inroads into the domestic market with luxury buses, DCIL is seriously considering an entry with its range of products, possibly by end 2007, sources said.
What lends credence to the market intelligence is the fact that the company is now scouting for land near Pune to set up a new manufacturing facility in place of the existing one, which manufactures cars. Sources said that plans are being firmed up to consolidate the company's operations in India and also use the new plant to accelerate its ambitions in the commercial vehicles segment.
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