Daimler India CV registers record sales of 29,470 units in CY2022, up 25%

Daimler India Commercial Vehicles (DICV), the 100% subsidiary of Daimler Truck AG, today announced that despite supply chain headwinds and adverse cost environment, CY2022 ranks as one of its most successful business years since starting manufacturing operations in India.

The Chennai-based OEM reported a revenue growth of 37% and a sales growth of 25% in CY2022 over CY2021. 2022 was its 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 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.

Commenting on DICV’s 2022 annual performance, Satyakam Arya, Managing Director & CEO of DICV said, “CY2022 was one of our strongest performing years with 37% growth in revenue and 25% 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 last decade. Our strong financial and sales performance is in spite of the pandemic heavily affecting the commercial vehicle sales in last three years.”

He added, “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 on Digitalization, Servitization, 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.”

Dominating the CE and mining market

In the past decade, DICV has made a strong impact in the construction and mining segment where BharatBenz heavy-duty trucks dominate the segment. Earlier this year, BharatBenz unveiled a comprehensive portfolio of high-powered heavy-duty trucks, such as 3532CM mining tipper, 2832CM mining tipper, 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/tunneling 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.

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 service across India and a strong supplier base of over 400 partners.