Schedule a Call Back
Daimler India Commercial Vehicles shows strong revenue and sales in 2022
Industry News- May 02,23
Daimler India Commercial Vehicles achieved sales volume growth of 25 per cent in 2022 with total 29,470 vehicle sales. 200,000 cumulative vehicles produced in Oragadam plant, with highest-ever vehicle exports, parts sales and domestic sales in the year.
Daimler India Commercial Vehicles (DICV), a 100 per cent subsidiary of Daimler Truck AG announced that despite supply chain headwinds and adverse cost environment – 2022 was one of the most successful business years since starting its manufacturing operations in India. The company reported revenue growth of 37 per cent and a sales growth of 25 per cent in CY 2022 over CY 2021. 2022 was especially the best year of growth as DICV sold a total of 29,470 domestic and export units of trucks and buses in the calendar year.
Additionally, DICV confirmed that in 2022 it crossed the production milestone of 200,000 vehicles (including domestic and exports) and 200,000 transmissions at its Oragadam manufacturing facility. The company recorded its best-ever annual vehicle exports with 11,000 units, best-ever annual part sales (over 245 million parts) and best-ever annual domestic vehicle sales in 2022.
Satyakam Arya, Managing Director and CEO of Daimler India Commercial Vehicles said, “CY2022 was one of our strongest performing years with 37 per cent growth in revenue and 25 per cent growth in sales. We crossed remarkable production milestones as well. We achieved this delightful business success, in just 10 years of our operations in India, having made significant investments in the market since the beginning and steered our way through the complexities the commercial vehicles industry had to tackle in the last decade. Our strong financial and sales performance is in spite of the pandemic heavily affecting commercial vehicle sales in the last three years. We achieved this performance by consistently improving our cost and revenue position. In addition, we made significant investments in expanding our product portfolio and launched 10 new models of BharatBenz trucks to offer customers a comprehensive portfolio of tonnage options to select from. We are continuing to work diligently on transforming the way we will be doing business in India by investing in digitalisation, servitisation, sustainability, diversity and inclusion as the cornerstones of our strategy going forward. We have expanded our R&D operations, have a sharper focus on diversity, equity & inclusion, upskilling & reskilling our workforce, and many such initiatives to meet our vision in the mobility space for the near and medium term.”
BharatBenz excellence
In the last decade, DICV has made its prominence felt in the construction and mining space where BharatBenz heavy-duty trucks dominate the segment. Earlier this year, BharatBenz unveiled a comprehensive portfolio of high-powered heavy-duty trucks, such as a 3532CM mining tipper, 2832CM mining tipper, and 5532 tip-trailer, options ranging from 6x4 and 10x4, especially for construction and mining utility. BharatBenz offers a wide range of tipper products starting from 6-wheeler 13T medium duty trucks to 22-wheeler 55T trucks (tip trailers). These trucks are used in extensive applications including surface construction, mining, irrigation/tunnelling and intra-city distribution. BharatBenz’s new generation products are transforming the RMC (ready mix cement) application with engine-driven PTO solutions suiting every concreting requirement.
Diversity, equity & inclusion
With an eye on the future, DICV has started focused initiatives around Diversity, Equity and Inclusion (DEI) to bring in a more cohesive work culture by helping people revitalise their socio-professional values to help them prepare for a challenging but exciting future. The company has stepped up its learning & development initiatives to strengthen the capabilities of its employees so that the learnings can be channelled back into the growth of the organization in the next decade.
Satyakam Arya added, “DICV recognises the importance and contribution of people towards the growth of the organisation. Manufacturing is a people-intensive industry. The nuance, dedication and passion that a human can bring to the system really incomparable but does complement the technological advancements that are benefiting businesses. I believe that people will play a significant role in moving the needle to achieve the next paradigm in a world that is heavily dependent on technology and digitalization. So, we recognise our responsibility as leaders to help prepare our people for what they will face in the future.”
Environment, social & governance
In the framework of its sustainable business strategy with a focus on ESG (Environment, Social & Governance) DICV is working strenuously towards becoming CO2 neutral in its operations by 2025. The company’s 430-acre manufacturing facility in Oragadam has 85 per cent of its operations already using renewable energy, among others generated by an in-house 3.3MW photovoltaic plant. The facility is 90 per cent water self-reliant and has an expansive green cover from its Miyawaki forest.
Mobility & innovation
In 2022, DICV partnered with IIT Madras Research Park to identify solutions and incubate new ideas to help the company have a formidable presence in the mobility space. DICV is in the process of incubating more start-up companies in 2023 to take its transformational initiatives further.
DICV manufactures four truck brands in its Oragadam facility, near Chennai – BharatBenz (domestic brand), Mercedes-Benz, Freightliner and Mitsubishi Fuso. Top-quality transmissions manufactured in Oragadam are used in BharatBenz trucks and are exported to Europe. DICV has more than 300 BharatBenz sales and services across India and a strong supplier base of over 400 partners. The brand's dealerships and service stations are located across India covering national highways on the Golden Quadrilateral North-South and East-West Corridors, within a two-hour reach of customers. BharatBenz has the reputation of manufacturing the safest trucks in the Indian commercial vehicle industry as their trucks are produced with the safest crash-tested cabins in India.
Chennai
Daimler India Commercial Vehicles (DICV)
Daimler Truck AG
Oragadam
BharatBenz
Satyakam Arya
3532CM mining tipper
2832CM mining tipper
5532 tip-trailer
Miyawaki forest
IIT Madras Research Park
Mercedes-Benz
Freightliner
Mitsubishi Fuso
Golden Quadrilateral North-South and East-West Corridors
Related Stories
Railways
BEML submits lowest bid for 70 driverless trains for Chennai Metro Phase II
The contract is valued at approximately Rs 36 billion, with the trains likely to be produced in Bengaluru.
Read moreGears, Motors & Drives
Bonfiglioli invests Rs 3.2 billion in new industry and automation facility
The facility will feature machinery, create 150-200 job opportunities, and cater to growing domestic demand for heavy-duty industrial gearboxes.
Read moreElectrical & Electronics
Cisco inaugurates India router manufacturing factory in Chennai
This first phase of the project is expected to generate 1,200 jobs and bring in approximately $1.3 billion from both domestic and international markets.
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
