Daimler posts record sales boosting growth in revenue

Chennai: Daimler India Commercial Vehicles, the subsidiary of truck manufacturer Daimler Truck AG, recorded a 39 per cent growth in sales of trucks and buses in 2023, a top official said on Tuesday.

The Indian subsidiary of Germany-based Daimler Truck posted a 13 per cent growth in cumulative sales in 2023 backed by strong product demand, thereby boosting a surge in revenues, the official said. In 2023, sales of domestic trucks and buses grew by 39 per cent while revenues went up by 21 per cent.

The auto parts business also witnessed a 21 per cent growth last year. The company recorded a 107 per cent sales of buses in 2023, while cumulatively (including exports) sales grew by 13 per cent as compared to 2022.