Daimler India Commercial Vehicles (DICV), a 100% subsidiary of Daimler AG, Stuttgart, Germany will roll-out buses under the brands Mercedes-Benz and Bharat-Benz in the 2nd quarter 2015.
Bharat-Benz and Mercedes-Benz Buses will roll off at the new bus manufacturing plant which is constructed within the existing premises of DICV. The bus plant is spread across an area of 27.91 acres and will be completed by the second quarter of 2015. An investment of INR 425 crore has been earmarked for the bus project for an installed capacity of 1,500 units in the initial phase. The capacity can be further expanded to 4,000 units subsequently.
The DICV plant will thus be the only Daimler Truck plant worldwide, that manufactures three brands of trucks and buses under one roof. The Daimler Bus division in India was merged with DICV in April 2013.