Left Menu
Development News Edition

Daimler Buses looks for sustainable growth in revenue in 2019

Devdiscourse News Desk | Chennai | Updated: 12-03-2019 20:35 IST | Created: 12-03-2019 19:03 IST
Daimler Buses looks for sustainable growth in revenue in 2019
The company recorded a 60 per cent rise in revenue while the sales in the domestic market witnessed a 70 per cent increase and exports grew by 50 per cent in 2018, he said.

Daimler Buses India, a subsidiary of Germany-headquartered Daimler AG, is eyeing sustainable growth in revenue as it expects a rise in volumes this year, a top official of the company said Tuesday. "We are still in the growth phase. It is sustainable growth, we expect good growth this year," managing director of Daimler Buses India Thomas Fricke said here.

The company recorded a 60 per cent rise in revenue while the sales in the domestic market witnessed a 70 per cent increase and exports grew by 50 per cent in 2018, he said. Asked about the factors that would contribute to the growth in 2019, he told PTI: "Firstly, we have a wide product range. We cover a lot of different segments. Secondly, we expand our network and have better customer-reach. And thirdly, we expect the overall industry volume to go up this year." To a query on the financial show of Daimler Buses in 2018, Fricke declined to share the details.

However, he said the company had sold 1,555 units of luxury coaches and chassis in 2018 as against 906 units in 2017. Export contribution increased by more than 50 per cent - 616 units in 2018 as against 405 units in 2017. "For 2019, Daimler Buses India expects to achieve further significant growth, driven by both domestic and export business," he said.

Fricke said Daimler Buses would in 2019 focus on upgrading its entire portfolio to BS-VI standard, including the BharatBenz 9-tonne buses in school, staff and tourist bus segments, Mercedes-Benz 15-metre multi-axle luxury coaches and bus chassis for 9.16-tonne segments. "BS-VI is an excellent opportunity for us to further lead the shift in India's bus market towards global standards. Our aim is clear, we want to offer the best BS-VI product package available in the Indian market," he said.

According to him, 72 per cent of products were sold in the domestic market and the remaining shipped overseas. Daimler Buses India currently retails 9-tonne, 16-tonne and 24-tonne bus and chassis in the domestic market under BharatBenz while it ships 9-tonne and 16-tonne under the Mercedes Benz brand overseas.

The company exports to 13 markets in Africa, Latin America, Middle-East and South-East Asia. Daimler Buses India has 34 dealers and 180 touchpoints across the country.


TRENDING

OPINION / BLOG / INTERVIEW

Why COVID-19 is unstoppable in USA despite it being ranked at the top of GHS Index?

Several worst-hit countries such as Italy, France, Spain, the UK, Canada, and Russia have peaked COVID-19 cases in April. Almost all of them have gradually flattened the curve. However, the USA is setting new daily records of infections tha...

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...

Videos

Latest News

Trump signs into law Hong Kong Autonomy Act, suspends special privileges

US President Donald Trump signed into law the Hong Kong Autonomy Act on Tuesday and also signed an executive order ending US preferential treatment for Hong Kong. Today, I signed a legislation and an executive order to hold China accountabl...

Trump says he is 'not interested' in trade talks with China

U.S. President Donald Trump on Tuesday shut the door on Phase 2 trade negotiations with China, saying he does not want to talk to Beijing about trade because of the coronavirus pandemic. Im not interested right now in talking to China, Trum...

U.S. public transit systems seek up to $36 billion in new bailout

Major U.S. public transit systems, still suffering from a massive coronavirus-induced drop in ridership, asked congressional leaders on Tuesday for up to 36 billion to keep municipal buses and trains running.The transit systems are seeking ...

Soccer-Benfica keep slim title hopes alive with 2-0 win over Guimaraes

Benfica kept their slim hopes of winning the Portuguese title alive as a first-half goal from midfielder Chiquinho and a late second from substitute Haris Seferovic gave them a hard-fought 2-0 home win over Vitoria de Guimaraes on Tuesday. ...

Give Feedback