Daimler To Invest ₹4,000 Crore in Tamil Nadu, Create 400 Jobs

Pune: Daimler India Commercial Vehicles, maker of BharatBenz trucks and buses, on Thursday said it will invest Rs 4,000 crore in Tamil Nadu to expand BharatBenz capabilities, manufacturing, R&D and technology readiness and create 400 jobs.

With this fresh investment, the automaker’s total investment in India rose to 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-binding facilitation memorandum of understanding (MoU) with the Tamil Nadu government at the Tamil Nadu Investment Conclave, it added.

BharatBenz has over 2,20,000 trucks and buses operating in India and catering to freight movement, construction, mining, logistics and passenger mobility, with a network of 420 dealers.

"As infrastructure, logistics, mining, construction and passenger mobility continue to expand, Indian customers need trucks and buses that deliver higher uptime, safety, reliability and operating efficiency,” said Torsten Schmidt, MD and CEO at Daimler India Commercial Vehicles.

He said through BharatBenz, the company was strengthening products, localization, service readiness and parts availability for India, while also reinforcing the country's role as an important manufacturing and supply base within Daimler Truck's global network.

The automaker said India's commercial vehicle market is closely linked to the country's economic progress, adding that continued investment in roads, highways, industrial corridors, ports, mining, logistics infrastructure and public mobility is increasing the need for reliable trucks and buses that can deliver higher uptime, safety, efficiency and total cost of ownership.

The company has a 400-acre integrated manufacturing and R&D facility at Oragadam near Chennai, with approximately 92 per cent of BharatBenz product value localized through its Indian supplier ecosystem.

While BharatBenz remains Daimler India’s core India brand, the company also plays an important role in Daimler Truck's global network as a manufacturing, sourcing and engineering base.

The company has exported more than 75,000 trucks and buses made in India and over 330 million parts to more than 70 markets, while also supplying transmissions from Chennai to Daimler Truck plants in Germany.