Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG (“Daimler Truck”) announced that in CY2023 it has achieved record sales and revenue performance. The company’s CY2023 domestic truck and bus sales grew by 39% and revenue grew by 21% over 2022. DICV’s bus volumes doubled in CY2023, growing 107% over 2022. Its cumulative sales (including domestic and[Read More…]
Daimler Truck AG, Mitsubishi Fuso Truck and Bus Corporation, Hino Motors and Toyota Motor Corporation gave an update on the progress of the collaboration based on the Memorandum of Understanding. In May 2023, Daimler Truck, Toyota, MFTBC, and Hino concluded an MoU on accelerating the development of advanced technologies and merging MFTBC and Hino. The planned collaboration is aimed at[Read More…]
In what is considered as a departure from the traditional way of doing business, Daimler Truck AG has inked a deal with Cummins Inc. Story by Bhushan Mhapralkar Daimler Truck AG and Cummins Inc. have announced the signing of a memorandum of understanding to establish a global strategic partnership for medium-duty engine systems. Evaluating other opportunities for collaboration too, the[Read More…]
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