Daimler India Commercial Vehicles (DICV), a 100% subsidiary of Daimler Truck AG, today announced that CY22 was one of the most successful business years since starting its manufacturing operations in India as it reported 37% revenue and 25% sales growth over CY21. The company sold 29,470 units in the domestic and export markets in the calendar year.
The company also crossed the production milestone of 200,000 vehicles and the same number of 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.
Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles, said, “We achieved this delightful business success in just ten 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.”
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