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Thursday, 19 April 2012 00:54 - - {{hitsCtrl.values.hits}}
CHENNAI (Reuters): Daimler AG will start exporting commercial vehicles from India in 2013, said Marc Lilstosella, chief executive officer of Daimler India Commercial Vehicles.
Daimler's fully owned subsidiary inaugurated a 44-billion-rupee ($852 million) plant outside of the southern Indian city of Chennai on Wednesday as it looks to establish a foothold in the fast-growing truck and bus market.
The plant will begin production this year and have an initial capacity of 36,000 commercial vehicles.
Daimler is the world's largest commercial vehicle manufacturer.
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