Daimler India CV to invest Rs 4,000 crore in Tamil Nadu
India, Aug. 13 -- Daimler India Commercial Vehicles (DICV) on Thursday announced an additional investment of around Rs 4,000 crore in Tamil Nadu to strengthen its capabilities needed for the next phase of BharatBenz growth in India.
The move will support BharatBenz trucks and buses, manufacturing, research and development, infrastructure and future technology readiness, besides creating 400 jobs over the proposed period, the Daimler Truck AG's wholly-owned subsidiary said.
The additional investment would take DICV's cumulative investment in the domestic market to over Rs 14,500 crore, reaffirming its long-term commitment to building BharatBenz in India, the company said.
The additional investment is being outlined as part of a non-bind...
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