DICV achieves record sales and revenue in 2023; New Launches Slated For 2024

DICV achieves record sales and revenue in 2023; New Launches Slated For 2024

Daimler India Commercial Vehicles (DICV) has achieved record sales and revenue performance in CY 2023. 

In 2023 the manufacturer’s domestic truck and bus sales grew by 39 percent and revenue grew by 21 percent over 2022. DICV’s bus volumes doubled in 2023, growing 107 percent over 2022. Its cumulative sales (including domestic and export) from January to December in 2023 grew by 13 percent whereas its parts business grew by more than 21 percent over 2022. 

In January 2023, DICV transitioned its entire BharatBenz truck and bus portfolio to comply with OBD-II regulations with a focus on reducing total cost of ownership, increasing the productivity of its trucks and offering industry-leading service intervals in India.

The record performance in 2023 was driven by multiple initiatives that DICV undertook. Last year, the company met its annual target by establishing 350 sales and service locations across India. Manufacturing operations were streamlined and made cost effective by introducing many digitalization initiatives such as automated workforce planning and predictive maintenance using data, and many other initiatives that are in the phase of completion. On the sustainability front, nearly 85 percent of DICV’s manufacturing operations are run on renewable energy and nearly 90 percent of its plant functions on upcycled water, reducing over 27,000 tonnes of carbon footprint. 

The proposition that BharatBenz customers benefit from are industry-leading longer service intervals, best-in-industry manufacturer’s warranty, 48-hour service / repair uptime through its ‘Rakshana’ initiative and fuel efficiency improvements. These and many more factors contribute to the excellent total cost of ownership that BharatBenz commercial vehicles deliver cumulatively.

DICV is also ready to launch all its MY24 BharatBenz heavy-duty trucks in the coming months. The first to be launched will be the all-new BharatBenz Rigid range, followed by trucks with the newly-introduced Automated Manual Transmission (AMT) and the all-new Construction and Mining truck heavy-duty range.

 

Rigid Heavy-duty range- Scheduled for market launch in April 2024, the Rigid heavy-duty range will be available in the following configurations: 2826R (6x2), 3526R (8x2), 3832R (8x2), 4232R (10x2) and 4832R (10x2). These trucks will be powered by an all-new 6.7-litre, common-rail BS6 Stage two BharatBenz engine designed to deliver better acceleration, class-leading peak torque, better durability and drivability than before resulting in fewer gear changes. It will also prove to have unmatched reliability in Indian conditions. The new rigid range of trucks will also offer bitumen, bulker, Petroleum Oil & Lubricants (POL) payload applications, widening the range of its customer base with its improved layout and ‘cigar type’ After Treatment System (ATS). 

 

Construction and Mining heavy-duty range- The BharatBenz construction and mining heavy-duty trucks have been completely re-engineered for superior functionality and comes with many segment-first features. Offered in 2828C and 3532C configurations, they are optimized to suit surface transport construction applications and terrains, have a high-power engine, class-leading torque, a higher yield strength chassis, new service-free wheel hubs, new axles, all-new suspension with higher ground clearance, rear shock absorbers and hill-hold assist as standard fitment. 

 

12-speed Automated Manual Transmission (AMT) introduced- BharatBenz trucks will be offered with the proven and world’s best 12-speed Automated Manual Transmission (AMT) variants for the first time in its tractor trailer and mining MY24 models. To be offered in 4032TT, 5532TT, 3532CM and 2832CM for long haul and mining applications, the new AMT, which has served over 500,000 trucks globally, ensures a jerk-free transmission of power to the wheels with reduced shifting time, improves reliability, reduces the need for overhaul and can be operated with a convenient steering column shift stick, thereby enhancing driver comfort.

The high value proposition that BharatBenz customers benefit from are industry-leading longer service intervals, best-in-industry manufacturer’s warranty, 48-hour service / repair uptime through its ‘Rakshana’ initiative and fuel efficiency improvements. These and many more factors contribute to the excellent total cost of ownership that BharatBenz commercial vehicles deliver cumulatively.

 “Having set new benchmarks in the industry, gained a large customer base in the construction and mining space and with a progressive tractor trailer portfolio in the last decade, we felt that we should go back to the drawing board to revamp everything that our heavy-duty trucks had under their skin and offer customers something new in 2024. So, the MY24 BharatBenz range is more superior than ever with respect to total cost of ownership, technology, reliability, safety, comfort and serviceability. With our new trucks we are ready to intensify our presence in the construction and mining space with tippers that are far superior to their predecessors. We are soon launching an all-new Rigid heavy-duty range that will offer best-in-class fuel efficiency, power, torque, safety, reliability and service benefits. We are introducing the world’s best 12-speed Automated Manual Transmission in our portfolio will deliver an effortless driving experience and class-leading fuel efficiency like it has done in approximately 500,000 of our trucks around the world,” said Sreeram Venkateswaran, President and Chief Business Officer (domestic sales and customer service), DICV

 

“Our best-ever sales and financial growth, since inception, was spearheaded by excellent demand for our tipper and tractor trailer product lines which grew 53 percent and 79 percent respectively compared to CY2022. A slew of strategic initiatives that we undertook in 2023 also helped us take informed decisions on costs, tackle headwinds effectively and sharpen our focus on key areas of our business. We have started CY2024 with great confidence and with an ever-stronger product portfolio, engineered and packaged to drive business growth to new heights in 2024. Our aim was to challenge ourselves and up the game on total cost of ownership, uptime and reliability, all of which our customers will benefit from with our new MY24 heavy-duty truck portfolio. These trucks reflect our highly evolved product development capabilities, which are being put to good use for creation of new products to help answer future mobility requirements,” commented Satyakam Arya – Managing Director and CEO, DICV.

Piaggio Launches Ape Xtra Bada 700 And Ape Xtra 600 Diesel Cargo Three-Wheelers

Ape Xtra Bada 700 - 600

Piaggio Vehicles, a subsidiary of the Piaggio Group, has launched two new diesel cargo three-wheelers in India – the Ape Xtra Bada 700 and the Ape Xtra 600 priced at INR 345,000 and INR 288,000 (ex-showroom Maharashtra), respectively.

The new three-wheelers are designed to strengthen the company’s position in the last-mile cargo sector and compete with entry-level four-wheel cargo small commercial vehicles (SCVs).

The Ape Xtra Bada 700 introduces features intended to set new industry standards in the three-wheeler cargo category. It features the company's 700 DI diesel engine, providing pulling power and enhanced torque. The vehicle debuts India's first 7 feet cargo deck, allowing for larger and longer loads. It offers a segment-best 750 kg payload capacity, the largest in any three-wheeler cargo vehicle. Other features include a new platform, a digital cluster, 12-inch radial tyres, a new cab and an industry warranty of five years.

The new Ape Xtra 600 features Piaggio's newly developed 600 DI diesel engine, offering improved mileage, better gradeability, and enhanced load-carrying performance. The vehicle is positioned as a reliable and efficient option at an accessible price point.

Diego Graffi, Chairman & Managing Director, Piaggio Vehicles, said, “At Piaggio India, we have always believed in pushing the boundaries of innovation in the last-mile mobility segment. The Ape Xtra Bada 700 is a landmark product that disrupts the cargo 3-wheeler category with industry-first features in engine capacity, deck size and payload. It is designed to empower customers with more productivity and superior earnings. Alongside, the Ape Xtra 600 continues our commitment to delivering efficient, high-value solutions. With these new diesel cargo products, we strengthen our Ape legacy and reiterate our focus on customer-centric engineering.”

Amit Sagar, Executive Vice-President, CV Domestic Business & Retail Finance, Piaggio Vehicles, added, “Cargo mobility demands are changing rapidly, with customers expecting higher power, higher payload, better comfort, and stronger performance. The Ape Xtra Bada 700 addresses all these needs with a fresh, powerful new platform and several industry-firsts that directly enhance profitability for customers. It provides the most efficient, economical, and affordable option for a Cargo 3W and provides a compelling alternate to the four-wheeler cargo vehicles with an advantageous Opeco and TCO. The Ape Xtra 600 also brings improved capabilities to our strong diesel cargo portfolio. We are confident that these products will further strengthen our leadership in the cargo three-wheeler market.”

IVECO S-Way CNG Truck Achieves 1,000km Range On Single Refill

Iveco - CNG

IVECO, a manufacturer in alternative propulsion, has demonstrated the endurance of its gas-powered heavy vehicles with the IVECO S-Way CNG truck travelling over 1,000 kilometres on one refill of compressed natural gas (CNG).

The test was carried out under real-world conditions by French journalists Fabien Calvet and Loic Fieux, driving between the Belgian and Spanish borders. The tractor unit towed a loaded curtain-sided semi-trailer with a gross combination weight of 30 tonnes, confirming the S-Way CNG’s efficiency and viability for daily operations. The result showed an average consumption of below 21 kg / 100 km over the distance, combined with quick refuelling.

The truck's gas engine is said to have delivered smooth, responsive and quiet performance, with handling comparable to a diesel model. The journalists noted the vehicle's high-performance engine brake and intarder hydraulic retarder offered strong braking, while the full air suspension enhanced driving comfort.

The model tested uses the xCursor 13 engine by FPT Industrial, producing 500 hp and 2,200 Nm of torque. This engine is designed to meet future Euro VII emissions standards and is paired with a second-generation ZF TraXon 12-speed automated gearbox.

The vehicle was equipped with new 620-litre tanks, providing a total capacity of 1,240 litres equivalent to at least 190 kg of CNG. This capacity represents an 18 percent increase over the previous generation.

IVECO utilised multiple systems to maximise fuel efficiency:

  • Predictive GPS systems worked to recover kinetic energy on downhill sections and adjust engine speed ahead of climbs.
  • Intelligent energy management features, including a controlled alternator and a dis-engageable air compressor, ensure energy is only consumed when necessary.
  • Aerodynamic improvements such as deflectors, side fairings and mirror-cams help to reduce drag.

The gas-powered trucks offer a transport solution that is both sustainable and cost-effective, supported by an established European refuelling network. Operators can utilise the approximately 4,300 bioLNG and 800 BioCNG stations currently in operation.

When running on biomethane, which is produced from organic waste, the trucks can reduce carbon dioxide (CO2) emissions by an average of 95 percent, alongside lower fine particle and nitrogen oxide emissions compared to diesel. The European gas refuelling network is set to expand further, with 50 new stations scheduled to open in 2026.

Torsten Schmidt

Chennai-based Daimler India Commercial Vehicles has announced the appointment of Torsten Schmidt as its new CEO. He is set to succeed Satyakam Arya, who has been nominated as the designated President and CEO of Hino Motors in Japan.

Schmidt, currently CFO of Mercedes-Benz do Brasil, has been with Daimler since 1997. Over the course of nearly three decades, he has held various roles across Germany, India, Japan and Brazil, having led teams across sales and central function at Daimler Truck, Mercedes-Benz Trucks and Daimler Truck Asia.

Achim Puchert, CEO Mercedes-Benz Trucks: “Torsten is an experienced and respected leader whose global and intercultural expertise are matched by a proven ability to deliver results. His strong leadership qualities, strategic vision, financial proficiency, and comprehensive knowledge of the entire value chain make him the perfect fit for his new role and to drive our business forward. My heartfelt thanks go to Satyakam - an outstanding leader with exceptional expertise in commercial vehicle operations and a deep commitment to customer success. Satyakam has been a driving force behind Daimler India Commercial Vehicles’ success and together with his team he has established a solid footprint. We wish him all the best in his new role.”  

In his new role, Torsten Schmidt will report to Achim Puchert, CEO of Mercedes-Benz Trucks.

Eicher Launches Pro X Diesel Small Commercial Vehicle

Eicher Pro X Diesel

Eicher Trucks and Buses, a business unit of VE Commercial Vehicles (VECV), has launched the Eicher Pro X Diesel, expanding its offering in the 2-3.5 tonne Small Commercial Vehicle (SCV) segment.

The new diesel model follows the earlier release of the Eicher Pro X EV, providing both electric and diesel options for customers and regions requiring diesel power.

The Pro X Diesel features a new E449 diesel engine developed to deliver fuel efficiency and power for performance across terrains. The model is built as an 'Expert' solution for small firms, fleet operators and first-time buyers, focusing on performance, uptime and ownership.

The vehicle includes the segment’s largest cargo deck (10 feet 8 inches) and offers a long service interval of 30,000 km. This combination is intended to increase the goods carried per trip and reduce operating costs. The Eicher Pro X Diesel has been tested across India’s varied conditions for use in applications such as e-commerce, FMCG and regional logistics.

Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, said, “With the launch of the Eicher Pro X Diesel, we are taking another significant step in transforming last mile logistics in India. The Eicher Pro X range – now available in both electric and diesel variants – reflects our commitment to serve our customers as they transform logistics in India’s Amrit Kaal. Co-created with customers, the range combines Eicher’s proven expertise in fuel efficiency, reliability and superior uptime with the operational flexibility that many businesses seek from a diesel powertrain. This launch strengthens Eicher’s presence in the rapidly evolving small commercial vehicle segment and aligns with our vision to partner India’s progress with smart, sustainable and efficient logistics solutions.”

S S Gill, Chief Commercial Officer, VE Commercial Vehicles, said, “The Eicher Pro X Diesel is a state-of-the-art product designed for customers and drivers in the large SCV segment. It introduces segment-leading comfort and safety features, including a crash-test certified metallic cabin, ergonomic D+2 seating, driver state monitoring system (DSMS) and daytime running lamps (DRL). Intelligent connectivity through the My Eicher App, predictive diagnostics, remote immobiliser and real time monitoring through the 24x7 Uptime Centre support further enhances operational control and security, delivering peace of mind for owners.”