Day: September 20, 2021

Daimler India ready for prolonged truck upcycle, says MD Satyakam Arya, Auto News, ET Auto

Satyakam Arya, MD & CEO at Daimler

The Indian device of the world’s major truck maker Daimler AG expects the country’s industrial vehicle market place to enter an upcycle of double-digit progress for the future three-four yrs.Offered the strong traction for ‘Made in India’ trucks globally and an anticipated bounce back again in need in the domestic market place, the German agency experienced just lately fully commited a little in excess of $300 million of investments in the region that it hopes will grow to be one particular of its leading 5 markets in the world in 5 yrs.

Daimler India Business Vehicle’s order book is total for the rest of the calendar for exports and strong traction in the domestic market place has aided its BharatBenz brand to cross a important mark of 10% market place share, taking care of director Satyakam Arya claimed. “There is a strong uptick

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