Daimler Trucks Unit Sees Profits in India by 2017 - Report - The New Indian Express

Daimler Trucks Unit Sees Profits in India by 2017 - Report

Published: 07th March 2014 03:36 PM

Last Updated: 07th March 2014 03:36 PM

Daimler's trucks division may return to profit in India by 2017 as the weak rupee is proving a boon to exports from the new Chennai factory, Frankfurter Allgemeine Zeitung reported on Friday, citing unit chief Wolfgang Bernhard.

"The fall in value of the rupee is an opportunity that allows us to make money on exports from Chennai," the newspaper quoted Bernhard as saying in an interview.

Daimler's plant in Chennai, where the German company assembles vans and heavy-duty trucks, was completed in 2012 at costs of 700 million euros ($968.80 million).

Asia accounted for a third of Daimler's 484,000 truck sales last year.


comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

Read More

follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook