Ad Here  
Tata Steel, ThyssenKrupp sign MoU to merge European units ITC chairman calls for policy impetus to transform agriculture Emami – a new growth mantra Hyundai India achieves 7 mn production at Chennai factory Tata Motors aims to be among the Top 3 global CV & PV firm Record two-wheeler sales The unexpected exit Titan Company – sales recovery to kick in Forging industry worried over lower supply of steel and its price 29 per cent jump in TCS revenues Rane targets Rs.5500 crore topline by 2018-19 Eyes strong growth in 2016-17 Are they really independent? Tata Motors charts investments in PV and CV businesses Chinese smart phones flourish in small towns too! Bajaj Finserv – Q1: fare well AL introduces Guru & Partner TVS Automobile invests Rs.75 crore in start-up firms Wabco launches safety system AL wins Deming prize again It takes two to tango Tata Motors bets on new launches Singur minus Nano – victory or folly? Back in growth mode Ode to Ratan Tata RoC in the dock... Mercedes-Benz sales continue to zoom IOB on turnaround path Housing demand revival Increasing market share L&T bags the Mumbai Trans-harbour link order CAPITAL NOTES Sivasankaran enters taxi space to take on Uber and Ola AL secures orders for 3600 buses From the toughest to the best year PSU non-life firms seek to protect share A welcome initiative-even critics are recognised Daimler’s truck exports from Chennai cross 5000 units When small is not so beautiful… PPP model for infrastructure development LVB posts 31 per cent growth in Q1 net profit Is this a generation gap? Kone India eyes further growth in elevator market Solar installations exceed 2015 capacity in five months New India Assurance posts impressive show Yamaha unveils scooter boutique Welcome focus to improve rural India... V-Guard launches app-enabled water heater system Smartphone onslaught by Chinese brands Daimler grows sales and share in India L&T profit up by 11 per cent Preparing for the next growth curve TI Cycles plans retail expansion to drive sales for premium bicycles Hyundai to focus on SUVs and AMT variants Consolidating leadership position in smartphones Ponni Sugars (Erode) Ltd: not so sweet 2012-13 L & T set bigger ambitions in defence business E.I.D Parry (India) Ltd: another sweet year The gainers and the losers He excels in the nuts and bolts of entrepreneurship Right to privacy – now it’s fundamental! Michelin to double Chennai capacity Vellayan is back, after 150 days Carnival Films acquiring 3000 screens pan India M & M unveils driverless technology for tractors Nissan exit shouldn’t affect ALL TVS Srichakra plans capacity expansion TN government keen on revival of operations at Nokia complex Hindalco – re-rating Gamesa to set up a plant in Nellore Sundram Fasteners rejigs international Shriram Life clocks more than Rs.1000 crore premium in 2015-16 HPCL plans Rs.61,000 crore capex over 5-years A niche in FMCG business... Last stages Maruti – for young buyers ITC – steep excise hike Toyota and Suzuki to introduce EVs in India by 2020 Smooth sailing of SAIL Aurobindo Pharmacy: good turnaround Tata Motors joins compact SUV bandwagon with Nexon Tata gets 4-star rating for Zest L & T’s floating dock for navy Dish TV – subscriber additions encouraging Land wars
Daimler grows sales and share in India

In the domestic market, Daimler India Commercial Vehicle (DICV), makes strong progress on the back of improving demand. Its double-digit growth in its Bharat Benz truck sales and gained market share in the Indian medium and heavy commercial vehicle (M&HCV) market during January-March 2016 quarter. Its sales stood at 4000 units during the first quarter of 2016 compared to 3600 units a year ago.  DICV has also started its bus business in India and has launched Bharat Benz brand of buses, built at its new bus plant at Oragadam near Chennai.

Meanwhile, Daimler has opened its regional centre for commercial vehicles in Chennai.

The German group opened its first regional centre for Commercial Vehicles in Dubai seven months ago. Now with the Chennai operations, the company has completed the regionalisation of its sales and service organisation for its commercial vehicle business in the central regions of growth. In Southern Asia DB has a total of six new regional centres.

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236