Daimler Trucks Aims to Increase Unit Sales and Market Share in 2012

In 2012 Daimler Trucks aims to build on the successes it posted last year. After sales and revenues had each increased by 20% in 2011, and the results even increased by twice this amount, the division aims to boost its unit sales further this year and achieve Earnings before Interest and Taxes (EBIT) that are at least as high as 2011.

Although the markets in NAFTA and Asia did very well in the first months of 2012, the market situation is rather difficult in Europe and in particular in Latin America. Daimler Trucks expects conditions to improve in the second half of the year. Daimler Trucks is on track to reach its strategic return on sales target of 8% as measured across the business cycle. The target figure is a sustainable average that the division aims to achieve from 2013 on.

“In 2012 we will once again prove that our Global Excellence Strategy is working well. We operate worldwide, our by now five truck brands offer the right products for every region, and we are now just hitting our stride in the growth markets of India and China”, said Andreas Renschler, the Daimler Board of Management member responsible for Daimler Trucks and Daimler Buses, in Stuttgart. The division aims to increase its market share in all regions.

A few weeks ago Daimler Trucks presented the wide range of products offered by the new truck brand BharatBenz in India. These “Made in India” trucks are manufactured in Chennai in the southern part of the country. A total of €700 million was invested in the facility, where the first series-produced vehicles will begin leaving the plant this fall. In the medium term up to 70,000 units can be produced in India each year, and the brand’s product lineup will cover the entire range of vehicles, from light-duty to heavy-duty trucks. At the same time as the subsidiary Daimler India Commercial Vehicles (DICV) makes its preparations for the launch of series production, it is also setting up a sales network, which will consist of around 70 dealerships this year.

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