DICV achieves record sales and revenue in 2023; New Launches Slated For 2024
- By MT BUREAU
- March 26, 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.
- Eicher Trucks and Buses
- VE Commercial Vehicles
- VECV
- Pickkup
- Eicher Pro X EV Small Trucks
- Abhishek Chaudhary
- Ankush Sharma
Eicher Trucks & Buses Partners Pickkup To Deploy 100 Units Of Eicher Pro X Ev Small Trucks
- By MT Bureau
- September 17, 2025

Eicher Trucks and Buses, a business unit of VE Commercial Vehicles (VECV), has partnered Pickkup, a leading tech-enabled logistics provider, for the phased deployment of 100 Eicher Pro X EV small trucks across India.
The EVs are deployed across the operations of Pickkup serving retail distributors, e-commerce, FMCG and perishable deliveries. This partnership marks a significant step toward advancing clean logistics and sustainable urban mobility, enabling faster adoption of zero-emission solutions in high-demand applications.
Pickkup, operates 100 percent electric four-wheeler fleet under an asset-light model. The Eicher Pro X EV, designed and manufactured in India at VECV’s Industry 4.0-enabled Bhopal plant, combines best-in-class range, larger cargo capacity, and CCS2 fast-charging compatibility. It is supported by Eicher’s Uptime Centre and the My Eicher connected platform to provide predictive diagnostics, real-time support and maximum vehicle availability.
Abhishek Chaudhary, SVP, Small Commercial Vehicles, Eicher Trucks and Buses, said, “This partnership with Pickkup is a significant step in our journey to support customers with future-ready mobility solutions. The phased deployment of Eicher small electric trucks demonstrates not only the confidence in Eicher’s pedigree but also the growing readiness of logistics operators to integrate EVs into their fleet. The Eicher Pro X has been co-created with customers to address real operational needs of delivering environmental and economic sustainability—making them an ideal solution for modern logistics.”
Ankush Sharma, Founder & CEO, Pickkup, added, “Pickkup’s vision is to decarbonize logistics while ensuring operational efficiency at scale. The Eicher Pro X EV, with its offering and connected ecosystem, fits perfectly into our growth strategy. With Eicher’s partnership, we can expand faster, serve more customers. With this momentum, Pickkup is taking a leadership role in shaping future-ready, and sustainable logistics solutions for India.”
Montra Electric's Heavy-Duty Trucks Clock Over 12 Million Kilometres
- By MT Bureau
- September 16, 2025

Montra Electric M&HCV, part of the Murugappa Group, has announced a major milestone for its Rhino 5538EV heavy-duty electric trucks, which it claims has collectively travelled over 12 million kilometres on Indian roads in just two years. The fleet of 350 trucks has been primarily deployed in critical sectors like steel, cement and port logistics.
This achievement highlights the growing viability of electric heavy-duty transport in India. According to Montra Electric, the fleet has helped companies reduce an estimated 3.79 million tons of CO2 emissions since its launch.
Jalaj Gupta, MD, Montra Electric, said, "This milestone is a powerful validation of India's transition to clean mobility. With the Rhino 5538EV, we are proving that electric heavy transport isn’t a distant future, it’s already a reality on Indian roads."
The Rhino 5538EV trucks have maintained an uptime of over 98 percent, demonstrating their reliability in demanding industrial environments. The company shared that customers have reportedly placed repeat orders for the trucks, citing significant savings on fuel and maintenance costs. Montra Electric is providing 24x7 on-site service on its fleets to ensure maximum productivity.
The Rhino EV is powered by a 282 kWh LFP (Lithium Iron Phosphate) battery and a PMSM (Permanent Magnet Synchronous Motor), delivering 380 horsepower and 2000 Nm of torque. The trucks support fast charging, which can bring the battery from 20 percent to 100 percent in just one hour. The company plans to expand its Rhino lineup to include a 4x2 tractor-trailer and a 6x4 tipper configuration.
Blue Energy Motors Appoints Anand Mimani As CEO Of EV And New Energy Business
- By MT Bureau
- September 15, 2025

Pune-headquartered alternative fuel commercial vehicle manufacturer Blue Energy Motors has appointed Anand Mimani as CEO of its EV & New Energy Business.
Mimani will be responsible for the company’s focused vertical on integrated clean freight ecosystem. The automaker is working on accelerating expansion across electric heavy-duty vehicles, energy-as-a-service platforms and green corridor infrastructure.
He comes with over 26-years of experience in mobility, energy and clean tech. Till recently, he was the CEO of GreenLine Mobility Solutions, where he led the deployment of India’s largest fleet of LNG-pwoered trucks.
In his new role, Mimani will lead the EV & New Energy division’s business strategy, operations, product rollout and partner ecosystem — with a sharp focus on scaling zero-emission trucking solutions. He will report directly to Anirudh Bhuwalka, Founder & Managing Director, Blue Energy Motors, who continues to steer the company’s overall mission, strategic direction and group-level leadership.
Bhuwalka, said, “As we scale rapidly, it’s critical to bring in focused leadership for each of our high-growth verticals. Anand’s appointment as CEO of our EV and New Energy Business significantly strengthens our execution capacity in the electric mobility and infrastructure space, while advancing our broader vision for a zero-emission freight future.”
The Pune-based automaker is working on clean freight platform combining battery-electric, LNG and energy-as-a-service solutions under one integrated ecosystem. With EV and energy infrastructure representing a critical pillar of its scale-up, it is now strengthening leadership in this vertical to:
- Ramp up deployment of electric truck platforms
- Scale battery swap and charging hubs across key freight corridors
- Deepen partnerships with energy providers, logistics firms, and OEMs
Anand Mimani, said, “I’m excited to join Blue Energy at such a pivotal time. The opportunity to lead the EV & New Energy vertical – while working closely with Anirudh and the leadership team – is incredibly energising. Together, we aim to build a freight ecosystem that is clean, efficient, and future-proof.”
Volkswagen Commercial Vehicles UK Appoints David Hanna As New Director
- By MT Bureau
- September 09, 2025

David Hanna has been named Director of Volkswagen Commercial Vehicles UK, effective 1 October 2025. He brings extensive two-decade automotive industry experience from both manufacturer and retail perspectives.
Hanna originally joined Volkswagen Group UK in 2014 and has since cultivated deep brand knowledge through significant roles within the Audi, Volkswagen Passenger Cars and Volkswagen Commercial Vehicles divisions, including Head of Network Sales at Volkswagen Passenger Cars UK. This strategic appointment marks a return to the light commercial vehicles sector for Hanna, where his proven leadership and historical involvement are expected to drive the brand's future growth and strengthen its market position.
Damien O’Sullivan, Managing Director, Volkswagen Group UK, said, “I am delighted to welcome David to the Board of Management of Volkswagen Group UK in his new role as Director of Volkswagen Commercial Vehicles. I’m sure he will bring strong leadership and considerable experience to this important role.”
Hanna said, “Volkswagen Commercial Vehicles is a fantastic brand with class-leading products and an incredible history. It also has one of the best team of retailers in the UK through its Van Centre Network. I’m excited to be able to lead the team in the UK, and am very much looking forward to working with them and the network again in order to continue the success of the brand.”
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