Mumbai, Aug. 13 -- Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG and manufacturer of BharatBenz trucks and buses, has inked a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu at the Tamil Nadu Investment Conclave.

As per the understanding, Daimler India Commercial Vehicles plans to invest INR 40 billion to further strengthen its business in India. Once finalised, the total investment by DICV in the country will exceed INR 145 billion and create an additional 400 jobs, since it started operations in 2012.

Till date, the company has sold over 220,000 trucks and buses in the country, which find applications across freight movement, construction, mining, logistics an...