Following the rise in outsourcing of manufacturing of auto components to India by global auto majors, German auto giant DaimlerChrysler has placed a Rs 100 crore worth order with Sigma Vibracoustic India Ltd for supplying anti-vibration components.
DaimlerChrysler India, which has a jatropha bio-diesel programme in place, said it would test its cars using the alternate fuel in Leh and other regions of the Himalayas.
DaimlerChrysler plans to buy 26% of the bus body builder Sutlej Motors. The two companies will then jointly manufacture buses for the Indian roads.
Automaker DaimlerChrysler on Tuesday said it will buy more components from India for its operations in other countries such as Japan, Germany and the US.
Luxury carmaker DaimlerChrysler India on Tuesday launched a variant of 'E Class' and said it plans to wipe out its accumulated Rs 280 crore loss in the next 3-5 years.
German-US carmaker DaimlerChrysler on Friday said it would set up a second plant in India in or around Pune, as the company expects the market for high-end products to grow as also launch new products.
DaimlerChrysler India Wednesday unveiled the latest edition of S-Class vehicles with a price tag of Rs 70 to 72 lakh and M-class vehicles, between Rs 55 to 60 lakh, for the Indian market at the Mercedes-Benz Brand Showcase in Mumbai.
The sales growth of the Mercedes-Benz cars maker in India in 2005 was 5.5 per cent, while it was 11 per cent last year (2006).
DaimlerChrysler AG aims to buy auto parts worth over Rs 500 crore (Rs 5 billion) from India during the next two years, a top official of its local unit said.
Luxury carmaker DaimlerChrysler India on Monday said it would come out of the purview of the Board for Industrial and Financial Reconstruction within this fiscal and wipe out its total accumulated losses of Rs 300 crore.
Luxury carmaker DaimlerChrysler India said on Friday that sale of its Mercedes brand of cars surged by 61.5 per cent during January-September 2003 to 1,370 units as compared to 848 units in the same period last year.\n\n\n\n
Germany-based luxury coach manufacturer DaimlerChrysler's subsidiary Mercedes Benz is planning to launch its high-end premier bus Tourismo in India by 2008.
Luxury carmaker DaimlerChrysler said on Friday that it would wipe out its accumulated loss of Rs 280 crore
Continuing its strategy of introducing new cars into the Indian market, DiamlerChrysler India Ltd on Wednesday announced the launch of the E 270 CDI in the country.
DaimlerChrysler India on Friday announced the launch of the latest edition of its S-Class diesel, the S 320CDi L, and the premium Mercedes-Benz CL-Class, for the Indian market at the Brand Showcase in Mumbai.
Luxury car manufacturer DaimlerChrysler's Indian subsidiary Mercedes is all set to introduce the new C-Class in the domestic market by early 2008.
Luxury car manufacturer, DaimlerChrysler on Thursday, announced the launch of its new retail financing scheme -- Star Extend -- in conjunction with ICICI Bank.
DaimlerChrysler India on Friday announced the launch of the E-280, its new variant of E-class in India. The company also announced debut of the diesel variant, the E-280CDI in India.
The F 500 Mind, a concept car, is a research laboratory on wheels for the technology of the future and demonstrates DaimlerChrysler's technological know-how and its leadership in innovation.
Luxury carmaker DaimlerChrysler India said on Wednesday that its profit dipped by over 10 per cent in calendar 2003 even as it announced to launch more models this year.
DaimlerChrysler India recently announced the launch of its "new-look" Mercedes-Benz C-Class range in India.
Bilderberg, which has been called the high priests of glabalization, is accused of running a shadowy global government.
According to the Auto Component Manufacturers Association, the apex body of component makers in India, global sourcing of components from the country will double from $2.95 billion to $5.9 billion in 2008-09, and is slated to hit $20 billion in seven years.
Life Insurance Corporation of India and DaimlerChrysler, one of the oldest partners of Tata Motors, may refrain from participating in the ongoing Rs 4,145-crore (Rs 41.45 billion) rights issue that is closing on October 20, investment banking sources said. The move comes after Life Insurance Corporation of India expressed its wariness in putting in its bid.
Cerberus Capital, the New York-based private equity fund that recently bought Chrysler from the erstwhile DaimlerChrysler for close to $7.5 billion, is entering the Indian market shortly.
A planned freeze on engine development in Formula One from 2008 will be brought forward to next year.
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