Daimler India Commercial Vehicles (DICV) today said it is open for tie ups with other global group companies for contract manufacturing at its upcoming facility near Chennai. DICV is a wholly owned subsidiary of the world’s largest truck maker Daimler. The company is investing Rs 4,400 crore for a new facility at Oragadam in Tamil Nadu.
“All those possibilities when we come to it, we will look at it,” DICV Vice President (Marketing, Sales & After Sales) V R V Sriprasad said, when asked if DICV could enter into contract manufacturing. He also mentioned that if there are opportunities addressing foreign markets or providing solutions to other Daimler group companies by possibly doing contract manufacturing, the company will consider it.
“The company’s focus, however, remains to become a significant player in the Indian commercial vehicle market,” Sriprasad added. “As I said, these are things continuously going on at a higher strategic level. So these are possibilities that could come up.”
The 400-acre upcoming facility at Oragadam will have an installed capacity to produce 36,000 units per annum. DICV plans to launch a range of trucks in 6-49 tonnes category under a completely new brand for its entry in the Indian market. Daimler will also roll out the vehicles from 15 platforms, coming from its group firm Mercedes and Mitsubishi Fuso’s stable.