New Delhi, Aug. 13 -- Daimler India Commercial Vehicles (DICV) outlined a fresh investment of approximately Rs 4,000 crore in Tamil Nadu to strengthen its commercial vehicle brand BharatBenz and enhance the broader ecosystem. The development was announced as part of a non-binding facilitation Memorandum of Understanding (MoU) signed with the Government of Tamil Nadu during the Tamil Nadu Investment Conclave.

This newly proposed capital infusion brings DICV's cumulative investments across the country to more than Rs 14,500 crore. The expansion project aims to generate roughly 400 jobs while expanding capabilities across product development, manufacturing operations, research and development, local infrastructure, and future technology rea...