Story thread · 2 reports / 2 sources
BharatBenz gets Rs 4,000 cr boost in TN
economictimes.indiatimes.com · 1h · first report
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Across 2 sources · syndicated copies counted once
Daimler India Commercial Vehicles (DICV) has proposed an investment of around Rs 4,000 crore in Tamil Nadu to strengthen its commercial vehicle brand BharatBenz and expand the wider ecosystem. The announcement came alongside a non-binding facilitation Memorandum of Understanding (MoU) signed with the Tamil Nadu government at the Tamil Nadu Investment Conclave.The proposed investment will take DICV's total investments in India to more than Rs 14,500 crore. The expansion is expected to create around 400 jobs and enhance capabilities in product development, manufacturing, research and development, local infrastructure and future technology readiness.The company said the fresh investment will help prepare its product portfolio to meet rising domestic demand. Growing government spending on highways, logistics corridors, ports, mining and public transport is driving demand for commercial vehicles offering improved efficiency, uptime and safety.Read More: Maruti, Tata, Mahindra raised E20 fue
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