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The Economic Times
The Economic Times

BharatBenz gets Rs 4,000 crore boost as Daimler India expands in Tamil Nadu

India Tamil Nadu Daimler Truck

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.

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