1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192 
Daimler finds a Hero
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
FOLLOWING VOLVO'S joint venture with Eicher Motors, Daimler Trucks has signed a deal with the Indian manufacturer Hero Group.
A joint venture for the production of what Daimler calls localised variants of Daimler Truck's current portfolio" is to be established.
Production of the Actros is expected to remain with DairnierChrysler India Pvt, Daimler's wholly owned Indian subsidiary; no decision has been made on the production of Fuse-badged models.
A Daimler spokesman says the detailed management structure will not be revealed until the early months of 2008, but the German firm will have a majority stake. This issue has affected negotiations with Ashok Leyland and Eicher, with which Daimler had held detailed, though ultimately fruitless, discussions.
The choice of Hero Group, better known as a manufacturer of motorcycles can probably be attributed to the fact that no other Indian automotive player was open to a joint venture. AB Volvo's deal with Eicher Means that, with the exception of AMW, the entire Indian truck industry is now allied in some way with either European or, in the case of Mah indra, US companies.