Financial Daily from THE HINDU group of publications
Friday, Jun 09, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Outlook


DaimlerChrysler chief bets big on India

Our Bureau

Pune , June 8

"India is an important market for us," said Dr Dieter Zetsche, Chairman, DaimlerChrysler AG and Head of the Mercedes Car Group, during a visit to the company's plant at Chikali in Pune on Thursday. He was accompanied by Dr Ruediger Grube, a board member responsible for Corporate Development.

Looking back, Dr Zetsche commented, "DaimlerChrysler's relationship with India dates back to 1954 when we launched Mercedes-Benz trucks in collaboration with Tata Motors. Over the years, our relation with India has been significant both in terms of scope and depth of offerings. Today, we offer an impressive range of Mercedes-Benz cars for the Indian customer." He added, "Indian operations have continued to impress us; we have a positive outlook and firm commitment to the Indian market."

DaimlerChrysler India Ltd, the 100 per cent subsidiary, has sold 2,019 units in the country last calendar year, crossing the 2,000-mark for the first time in the 11 years since its inception. The company's sales and distribution network is spread across 24 cities. It has also bagged the ISO 9001:2000 certification for all its dealerships.

More Stories on : Outlook | Cars

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Mahanagar Gas hikes prices of CNG and PNG


Reliance hikes petrol, diesel prices
Peninsula Land board okays raising capital
Taylor Devices in India
Khaitan Elec EGM okays pref offer
RBI releases data on ECB and FCCB
EIH shareholders vote on business recast
P&G to acquire Gillette India on June 10
Kuoni India acquires travel firm Distant Frontiers
R.P. Info plans Meghalaya unit
L&T forms jt venture with Malaysian co SapuraCrest
Aavantika Gas incorporated
Ashok Leyland plans to raise Rs 700 crore for capex
South Eastern Coalfields identifies items to be sourced from local units
Bongaigaon, NRL to gain from excise sops
Jabil Circuit to invest $100m in India
DaimlerChrysler chief bets big on India



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line