Financial Daily from THE HINDU group of publications
Saturday, Sep 03, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Corporate - Announcements


Daimler India to drive in Actros trucks next year

Our Bureau

New Delhi , Sept 2

DAIMLER Chrysler India on Thursday said it plans to launch its premium commercial vehicle, Actros, in India early next year and will also introduce the next generation S-Class Mercedes in the latter half of 2006.

"We are at the end of the homologation stage and will deliver the first Actros in early 2006. This would be in the completely built unit (CBU) format," the President of Daimler Chrysler India, Mr Hans Michael Huber, said here on the sidelines of the SIAM Annual Convention.

He said the company sold 80,000 units of Actros globally last year, with the major markets being Europe and West Asia. The Actros trucks will compete with Volvo in India. According to sources, Daimler Chrysler would be coming out with two models of the Actros - a 33-tonner and a 40-tonner.

On the pricing of the new Mercedes S-Class, Mr Huber said that it would be priced above the present S-Class price band of Rs 60-65 lakh.

This year the company has so far sold about 125 S-Class cars, which are priced at about Rs 65 lakh.

Meanwhile, company officials said that Daimler Chrysler expects to buy auto parts worth 85 million euros from India in the current calendar year.

In 2004, the company sourced parts worth 79 million euros from the country.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
TVS Motor launches 3 new models


Lupin forms panel to help doctors in rural areas
Mukesh Ambani group to use RIIL for funding cos
ONGC strikes gas in KG basin
Daimler India to drive in Actros trucks next year
ICSA moots 15% dividend
Jagsonpal Pharma develops drug to bust stress
IL&FS Investsmart plans GDR issue
NCC board to consider GDR issue
Thermax to increase sourcing from China
`Breakthrough' management — the new mantra
Ranbaxy divests allied businesses to ICICI Venture
IBP to hive off LPG division to IOC
Shree Rama on expansion mode; plans financial rejig
ACC shareholders okay resolution
Lupin looking for local acquisition
Welspun to start Rs 650-cr phase II expansion
Magnum Steel plans Rs 212-cr greenfield plant in Chhattisgarh
Lupin signs pact with DSM
HMT, Mitsubishi in talks
ONGC, Norsk Hydro ink pact — To explore projects in Iran, Cuba: Aiyar
Pantaloon to step into footwear retailing with Liberty
DVC, Tata Power sign pact for Jharkhand project
Rashtriya Ispat achieves Rs 985-cr sales
Aditya Birla Group's cement despatches up
G. Narayanan is new MD of STCI


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line