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Daimler India to invest Rs. 2,277 crore in Tamil Nadu plant

Daimler India Commercial Vehicles (DICV) has signed a memorandum of understanding (MoU) with the Tamil Nadu government to invest Rs. 2,277 crore to expand its Oragadam plant.

According to the company, the investment will help create approximately 400 new jobs. The truck maker aims to transform India into an export base and a hub for sourcing parts for its global portfolio.

BharatBenz began its operations in 2012. In 8 years, the truck maker sold 1 lakh medium and heavy-duty trucks in India. In 2015, the company introduced BharatBenz buses. As of 2020, 4,500 buses have been sold.

Daimler India is said to have exported more than 30,000 units to over 50 markets since 2012. These include CVs under the BharatBenz, Mercedes-Benz, Freightliner and FUSO brands. It has also exported 130 million parts since 2014.

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