DICV to expand production at Chennai facility
Daimler India Commercial Vehicles (DICV) signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest Rs 22.77 billion at its Oragadam plant. The second MOU signed with the state government is aimed at expanding the production at the facility.
DICV, the Indian subsidiary of the German automotive major Daimler, was established in 2009. The company鈥檚 Oragadam manufacturing facility is spread across 400 acre.
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