Daimler India's BharatBenz Revolution: AMT Adoption Transforms Commercial Vehicles
Key Ideas
- DICV sees a major shift with AMT adoption in long-haul trucks, now comprising 65% of mining sales, indicating a positive response to the technology in India.
- The launch of new heavy-duty vehicles under the BharatBenz brand targets the growing mining and construction sector, with projections to reach $45 billion by 2030.
- DICV eyes growth in alternative fuels like EVs, hydrogen, and LNG for future expansion, with a focus on developing hydrogen-powered trucks at the research stage.
- The company sold 20,795 units in FY25, capturing a 2% share of overall commercial vehicle sales, showcasing its steady growth and market presence.
Daimler India Commercial Vehicles (DICV) is experiencing a significant transformation in India's commercial vehicle sector as automated manual transmission (AMT) technology gains traction in long-haul trucks and mining vehicles. The Managing Director & CEO of DICV, Satyakam Arya, highlighted the success of AMT adoption, which now accounts for 65% of mining truck sales, showcasing a shift towards more efficient and advanced technologies.
The launch of new heavy-duty vehicles under the BharatBenz brand, specifically targeting the country's expanding mining and construction sector, signifies a strategic move by DICV to tap into the projected growth of the industry expected to reach $45 billion by 2030.
DICV is also focusing on diversifying its offerings by exploring alternative fuels such as electric and hydrogen-powered trucks for the Indian market. The Chief Technology Officer, Pradeep Kumar Thimmaiyan, emphasized the company's commitment to prioritizing electric and hydrogen technologies, with hydrogen trucks currently in the research phase. This forward-looking approach aligns with the industry's shift towards cleaner and sustainable fuel options.
Moreover, DICV's strong performance is evident from the sale of 20,795 units in FY25, securing a 2% share of the overall commercial vehicle market according to FADA data. This steady growth trajectory underlines DICV's position as a key player in India's commercial vehicle segment, poised for further expansion and innovation in the coming years.