* Germany - Daimler making inexpensive trucks in India
(Photo: Daimler India Commercial Vehicles, unveiled a new range of trucks under BharatBenz brand)
Stuttgart,Germany -Marketwatch -Sept 21, 2014:-- Daimler AG is the world's largest truck maker by sales, with dominant positions in the Americas and Europe. But the German company faces growing competition from Chinese manufacturers, who are using their leading positions in China, the world's biggest commercial-vehicle market, to expand in emerging economies. For the medium-duty trucks that are popular in emerging markets, Chinese manufacturers such as Dongfeng Motor Group Co., FAW Group Corp. and Sinotruk Hong Kong Ltd. are making inroads... Daimler is relying on its growing BharatBenz operation in India. Daimler plans to use India as the company's development and manufacturing hub to counter the Chinese expansion in Southeast Asia and Africa... The Chennai plant produces trucks based on its Mitsubishi Fuso venture with Japan's Mitsubishi Motors Corp. Daimler recently unveiled Mitsubishi Fuso models to be manufactured in Chennai and exported to Indonesia, a growing Southeast Asian market... Daimler this year plans to export more than 500 trucks made in India on the Mitsubishi Fuso platform to customers in Southeast Asia and Africa. Daimler wants to double exports from India next year...
* The global truck market...
(Photo: At this week's commercial-vehicles fair in Hannover, Germany, BharatBenz will unveil its first heavy-duty truck manufactured in Chennai, India--a 48-ton earth-moving dump truck)
... It's expected to grow 5% a year to 3.7 million vehicles in 2020 from 2.6 million vehicles last year, according to research group A.T. Kearney. The market is dominated by heavy-duty trucks, which typically weigh more than 25 tons and logged sales of 1.7 million vehicles last year. But medium-duty trucks are substantial. Last year, 937,000 such vehicles were sold world-wide. The number will grow 5.1% a year, to 1.33 million, by 2020, according to A.T. Kearney... India is the fastest-growing commercial-vehicle market, expected to grow 10% a year to 410,000 trucks a year in 2020 from 210,000 last year... By 2030 there will be two to four Chinese, Indian or Korean truck makers among the top six to eight global manufacturers, A.T. Kearney predicted. The top global players today are Daimler, Sweden's Volvo AB, Germany's Volkswagen AG and U.S.-based Paccar Inc....Labels: truckmakers news Germany, truckmakers news India
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