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DICV Anchors New ISEAA Region as India Expands Role

DICV Anchors New ISEAA Region as India Expands Role
DICV expands regional role as India anchors new ISEAA customer region · thehindubusinessline.com

Daimler India Commercial Vehicles, or DICV, is taking a bigger role in Daimler Truck’s regional business.

It will lead a new area called ISEAA.

ISEAA includes India, South-East Asia and Australia-Pacific.

BharatBenz trucks and buses are made for customers in India.

Mercedes-Benz Trucks serves customers in the other markets and in some global markets.

DICV has already exported many vehicles and parts around the world.

The company also plans to invest about ₹4,000 crore more in Tamil Nadu.

It is preparing new safety systems for trucks and buses as Indian safety rules develop.

Key facts

New region
ISEAA stands for India, South-East Asia and Australia-Pacific.
Regional anchor
Daimler India Commercial Vehicles will anchor the ISEAA customer region.
Exports
DICV has exported more than 75,000 trucks and buses to over 70 markets.
Parts exports
DICV has exported more than 330 million parts.
Additional investment
DICV announced approximately ₹4,000 crore in additional investment in Tamil Nadu.
Cumulative investment
The additional commitment would take DICV’s cumulative investment in India above ₹14,500 crore.
Localization
DICV operates with 92 per cent localization and more than 400 local suppliers.

Quotes

Torsten Schmidt

CEO and Managing Director of Daimler India Commercial Vehicles and President of the Mercedes-Benz Trucks ISEAA customer region

“Through the new ISEAA customer region, we are bringing India, South-East Asia and Australia-Pacific closer together to strengthen collaboration, share capabilities and respond faster to customer needs across these markets.”
thehindubusinessline.com

Sources

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