Daimler India CV expects operational break-even in 2016

Apr 11 2014, 12:34 IST
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While talking to reporters on Thursday to announce the crossing of 10,000 units sale in just 18 months of its commercial production. (Reuters) While talking to reporters on Thursday to announce the crossing of 10,000 units sale in just 18 months of its commercial production. (Reuters)
SummaryBuoyed by an impressive 67% growth in Q1 of 2014, Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler AG

Buoyed by an impressive 67% growth in Q1 of 2014, Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler AG, expects to break even operationally in 2016. Marc Llistosella, MD and CEO, said that 2015-2016 would be the years to watch out for.

While talking to reporters on Thursday to announce the crossing of 10,000 units sale in just 18 months of its commercial production, Marc said: “2014 will be the year of consolidation for us and 2015-2016 will be the years to watch out for. We have rolled out what we have promised at the beginning of our commercialisation. We have consolidated ourselves in the southern region and we are moving up fast in northern and western regions. We have created necessary dealers network to penetrate in these regions and it is time for us to deliver.”

“We strongly believe that by 2016, DICV will become operationally break even and this could be achieved through increasing the localisation level from 85% to 95% across all the products by year-end, exploiting the current advantage in rupee-dollar parity by sprucing up our exports under 'Fuso' trucks, introducing more products and focusing more on northern region,” Marc said.

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