📺 Stream EntrepreneurTV for Free 📺

DICV Announces Foray Into EVs With The eCanter Light Duty Truck The launch of the all-electric eCanter in India, within the next 6 to 12 months, is the first step in DICV's long-term strategy to decarbonize its entire product portfolio.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Inhouse

Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG on Wednesday announced its foray into the Indian battery electric market with the all-electric, Next-Generation eCanter.

The market launch of the all-electric eCanter in India demonstrates the company's first step towards its larger vision to decarbonize its entire product portfolio in the long term. The all-electric eCanter, which marks DICV's foray into India's light-duty truck segment, will be launched in the market within the next six to 12 months.

With a clear vision to decarbonize the transportation industry and reduce resource consumption, Daimler Truck is striving for its new trucks and buses to be CO2-neutral globally by 2050.

Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles said, "All our efforts are being put into achieving robust readiness for our future products that will feature CO2-neutral propulsion technologies in the long term. The launch of the all-electric eCanter in India, within the next 6 to 12 months, is the first step in our long-term strategy to decarbonize our entire product portfolio."

"A long-term plan like ours hinges on many complex external factors, some of which are, the availability of a charging and refuelling infrastructure, the availability of green energy, cost parity and wide-scale customer acceptance. Therefore, our initial focus with the eCanter is to achieve product and service excellence, along with customer acceptance," Arya added.

DICV has a keen eye on the how the Indian market shapes up over the years. The company's CO2-neutral propulsion technology roadmap is being prepared in line with Daimler Truck's global technology strategy with battery electric and hydrogen-based drive technologies.

DICV has already developed a BharatBenz hydrogen fuel cell concept coach in alliance with a large Indian conglomerate. In the future, DICV will introduce trucks across different utility segments that will serve long haul, mining, construction, POL, dumper, RMC and so forth for various freight and terrain requirements.

"LNG, if used at all, will be an interim, tactical solution for long haul transportation. We will primarily commit to battery-electric and hydrogen-based propulsion technologies across our future product portfolio, in a phased manner. One thing is for sure that we will be ready with the right vehicles when the market is," he said.

Commenting on how a conducive policy framework is crucial to ensuring economic viability for customers, he added, "Successful adoption of CO2-neutral vehicles is possible if there is wide consumer acceptance about changes in the equations of total cost of ownership. This underscores the influence of important factors in achieving success in sustainable mobility solutions. By foraying into the CO2-neutral propulsion technologies, DICV aims at contributing to India's future as it progresses towards becoming one of world's top five commercial vehicle markets."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Science & Technology

Service as a Strategy — How to Build a Sustainable, Future-Ready Tech Business

The benefits of transitioning from traditional SaaS models to service-based models — and how to do it successfully.

Business News

Samsung's New Ad Pokes Fun at Apple's Controversial 'Crush' Ad

Creative universes overlap in a new ad from Samsung.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.