Industrial Automation Magazine India

Daimler India Commercial Vehicles Outpaces Industry, Reports Market Share Gain in 2020

Published on : Tuesday 02-03-2021

Celebrated 1 lakh BharatBenz vehicles on Indian roads, over 35,000 vehicles and 150 million parts exported worldwide.

Mumbai, March 01, 2021 – Daimler India Commercial Vehicles (DICV) has reported its preliminary results for the calendar year 2020 (as per IFRS accounting standards), showcasing a 3.3% rise in domestic market share (5.8% to 9.1%). Despite the global pandemic and economic downturn, DICV was able to outperform the Indian CV market and emerge from 2020 with significant increases in both domestic sales (up 46%) and incoming orders (up nearly 150%) for Q4.

Mr Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles (DICV), said: “DICV continues to transform the Indian CV industry with our made-for-India BharatBenz brand. The value offered by our products is validated by increasing customer confidence, enabling us to outpace the market even during the tough conditions of 2020. We are also proud to be a leader in ‘Making in India for the World’, proven by our growing export business.”

In its domestic business, DICV recorded 9,624-unit sales (14,474 units sold in 2019), which is a drop of only 34% in an industry that recorded a market contraction of 60%. On the export front, DICV celebrated a new milestone of 35,000 vehicles, 5500 CKD kits and 150 million parts sold across the world. DICV also celebrated 1 lakh BharatBenz vehicles on Indian roads.

Meanwhile, in the bus segment, DICV continues to expand and offer its state-of-the-art technology and features to customers. DICV celebrated the 100th rollout of FUSO bus and later secured its first major order of 1017 (10T) AC BharatBenz buses by the government of Assam for airport services, city, and intercity transportation. In December, the bus division celebrated a new sales milestone of 5000 buses sold.

Mr Karl-Alexander Seidel, CEO & Head of Daimler Bus India: “BharatBenz Buses continue to offer customers and passengers the high level of quality, safety and reliability they deserve - especially now, as they are available with features that help prevent the spread of COVID-19. We are actively expanding our portfolio and targeting growth both domestically and overseas with our new range of buses.”