July 21, 2017 4:13 AM ET

Machinery

Company Overview of Daimler India Commercial Vehicles Pvt. Ltd.

Company Overview

Daimler India Commercial Vehicles Pvt. Ltd. manufactures and sells commercial vehicles in India. It offers trucks; buses, which include luxury, city, intercity, and interurban coaches; chassis for exports; and engines and spares. The company exports its products to markets in South East Asia, Africa, the Middle East, and Latin America. It offers its vehicles through dealers. Daimler India Commercial Vehicles Pvt. Ltd. was formerly known as Daimler Hero Commercial Vehicles Ltd. and changed its name to Daimler India Commercial Vehicles Pvt. Ltd. in April 2009. The company was founded in 2007 and is based in Chennai, India. Daimler India Commercial Vehicles Pvt. Ltd. operates as a subsidiary of...

Unit 201, 2nd Floor

Campus 3B, RMZ Millennia Business Park

No 143, Dr. M.G.R. Road

Perungudi

Chennai,  600 096

India

Founded in 2007

Phone:

91 44 4599 6000

Fax:

91 44 4285 3620

Key Executives for Daimler India Commercial Vehicles Pvt. Ltd.

Chief Executive Officer, Managing Director and Director
Chief Financial Officer
Vice President of Operations & Manufacturing Engineering
President of Remanufacturing Division
Head of Corporate Finance, National Head of Retail & Channel Finance and Assistant General Manager
Compensation as of Fiscal Year 2017.

Daimler India Commercial Vehicles Pvt. Ltd. Key Developments

Daimler India Commercial Vehicles to Add New Production Line at Oragadam Manufacturing Plant in Chennai, Tamil Nadu

Daimler India Commercial Vehicles plans to add a new production line at its Oragadam manufacturing plant in Chennai, Tamil Nadu. The investment will be aimed at producing trucks for export markets, with a particular focus on the Middle East. The production line is expected to come on stream by the end of this year and will produce trucks in the range of 6.5-8.6 tonnes. The automaker plans to achieve double-digit percentage sales growth this year in the local market. The new production line will boost export volumes and further solidify the company's already strong position.

Karnataka Bank Enters into Agreement with Daimler India Commercial Vehicles Pvt Ltd

Karnataka Bank has entered into a Memorandum of Understanding (MoU) with M/s Daimler India Commercial Vehicles Pvt. Ltd. (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by the company.

Karnataka Bank Enters into Agreement with DICV

Karnataka Bank has entered into a Memorandum of Understanding (MoU) with Daimler India Commercial Vehicles (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by the company. Following this, DICV has nominated Karnataka Bank as preferred financier for extending finance to purchase of commercial vehicles manufactured by the company.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Daimler India Commercial Vehicles Pvt. Ltd., please visit www.daimler-indiacv.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.