Daimler India Commercial Vehicles (DICV), the country's fourth largest truck and bus player, will increase the truck production capacity at its plant near Chennai by 25%. This will be aided by the launch of 14 new products in 2024 in segments such as rigid, construction and mining.
Satyakam Arya, managing director and CEO, DICV said, "The segments we are present in sawa growth of 10% in 2023 but we grew by 35% during the same year." DICV is present in the segments between 10-55 tonne.
"We have an installed capacity of 36,000 trucks and 4,000 buses per annum. We are very close to 100% utilisation. We started expanding last year and this year we will accelerate that," Arya added.
Denne historien er fra March 27, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra March 27, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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