DICV crosses export milestone of 35,000 vehicles, 150m parts

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DICV crosses export milestone of 35,000 vehicles, 150m parts





Daimler India Commercial Vehicles (DICV) has announced that exports of its vehicles and parts have crossed the milestone of 35,000 and 150 million units, respectively.
The company also added Malaysia as a new completely knocked down (CKD) market. CKD vehicles are exported in parts and then assembled locally; DICV already exports these to Kenya, South Africa, Vietnam and Indonesia, a company release said.

DICV is the only Daimler location worldwide that produces engines, transmissions, trucks and buses at the same site under four brands, BharatBenz, FUSO, Mercedes-Benz and Freightliner, the release said.

Satyakam Arya, managing director and CEO, DICV, said, "With this milestone of 150 million parts exported and the addition of a new CKD market, DICV once again validates India's 'Make for the World'. It is a win-win solution; our global Daimler network receives quality Indian parts, and our Indian supplier community gains access to Daimler's global supply chains. By shipping more and more India-made products to an increasing number of overseas markets, DICV is helping India become an international manufacturing hub."
As per the company, India is the fifth most important market for Daimler Trucks, with DICV serving not only the growing domestic demand but also more than 50 export destinations across the world, including markets in Africa, Asia, Latin America and West Asia. Since the start of its export operation in 2013, DICV has exported more than 32,000 trucks and 3,500 buses, the company informed.

"International business is one of DICV's key strategic pillars for long-term growth. We will continue to make more products and parts here in India with the help of our 350-plus local suppliers, and then export them to the world with one global quality standard," Shrikumar V Unnithan, DICV's head of international business and beyond trucks, said.

Source: https://auto.economictimes.indiatimes.com/news/industry/dicv-crosses-export-milestone-of-35000-vehicles-150m-parts/78789658