Markets· August 17, 2026 at 10:07 a.m.
Daimler Truck Announces Rs40 Billion Investment in India for Product Development and Job Creation
Key takeaways
- Daimler Truck plans to invest Rs40 billion in India
- The investment will be used for product development, manufacturing, R&D, infrastructure, and technology readiness
- The initiative is expected to generate around 400 jobs
Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck, has signed a non-binding agreement with the state of Tamil Nadu for an investment of approximately Rs40 billion ($419.1 million). This investment will be used for BharatBenz product development, manufacturing, research and development, infrastructure, and technology readiness, and is expected to generate around 400 jobs. The total investment by DICV in India will exceed Rs145 billion. DICV currently operates a 400-acre integrated manufacturing and R&D site at Oragadam, near Chennai, where it employs over 4,000 staff and works with more than 400 local suppliers.
