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To sell trucks - India - Daimler eyes mining sector
Mumbai,India -Business Standard, by Prabodh Chandrasekhar -May 17, 2006: -- German passenger and commercial vehicle major DaimlerChrysler (DC) has targeted the mining sector in India for selling its Actros range of trucks... The company’s Indian subsidiary, DaimlerChrysler India (DC India) has currently initiated custom drives of its trucks across the country’s mining centres in Jharkhand, Bihar, Orissa, Madhya Pradesh and Karnataka... DC India will initially import trucks in the form of completely built units... DC’s decision assumes significance since its German arch rival MAN has plans to make India a manufacturing base for local market and exports... MAN-Force’s trucks will target all sectors including construction, transportation and mining to meet their loading requirements... MAN-Force facility at Pithampur will be set up at an initial investment of Rs 700 crore. The plant will have a capacity to make 24,000 trucks. By 2009, the company hopes to export 50 per cent of its production to Asian and African markets... Volvo, which had started its operations six years ago is keen on making its assembly unit near Bangalore a hub for exports to South and South East Asia...
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