Daimler to Start Building Trucks in India to Challenge Tata
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Daimler AG will start building trucks at a new factory in southern India beginning in the third quarter as the German company looks to challenge Tata Motors Ltd. in the fast-growing market.
The manufacturer of Mercedes-Benz vehicles will introduce 17 models ranging from six tons to 49 tons by 2014, according to Daimler statements released in Chennai today. The factory will initially have a capacity to make 36,000 trucks a year and raise it to 72,000 units, the company said.