Fresh investment aimed at expansion of its Oragadam (Chennai) plant will create additional 400 jobs, DICV said Daimler India Commercial Vehicles Pvt Ltd (DICV) has signed a new memorandum of understanding (MoU) with the government of Tamil Nadu within which the manufacturer will invest ₹2,277 crore to expand it's production capacity, the company said in a statement on Thursday.
Fresh investment aimed at expansion of its Oragadam (Chennai) plant will create additional 400 jobs, DICV said. "This is the second MoU that DICV has signed with the government of Tamil Nadu.
It demonstrates our unshakeable confidence in the long-term potential of India as a market for commercial vehicles (CVs), and our ongoing commitment to the country as a whole,"