* Chennai - Daimler India Commercial Vehicle eyes break even in 2018
--- Daimler India Commercial Vehicle or DICV has managed to hold on to its volumes in 2016 led by doubling of exports even as volumes started to decelerate in the domestic market in the second half of 2016... Five years after starting operations in the country, the Indian subsidiary of the world’s largest medium and heavy truck maker Daimler says it aims to break even operations in India by next year. .. It assumes significance as Daimler India Commercial Vehicle had approached the Indian bankruptcy court in the past after its networth had eroded... In 2016, DICV sold 13,081 BharatBenz trucks registering a degrowth of 7% over almost 14000 trucks it sold in 2015 in India. This development was due to a challenging market, which had turned negative in the second half of 2016 after a good first half. This was compensated by 4500 units of exports, which was double of last year...
(Photo: DICV's, BharatBenz trucks factory) -- Chennai, India - The Economic Times, by Kettan Thakar - 9 Feb 2017
Labels: truckmakers news India