Bharat Benz maker Daimler India Commercial Vehicles reports net profit for first time ever in FY23

Company registers a net profit of Rs 304 crore for FY23, with annual revenues crossing Rs 10,000 crore mark for the first time.

27 Sep 2023 | 22973 Views | By Ketan Thakkar and Shahkar Abidi

Daimler India Commercial Vehicle, the maker of Bharat Benz has broken into net profit for the first time in more than a decade and a half's presence in the country.

The higher operating leverage thanks to strong offtake in the Indian market and sustained demand in the overseas market ...

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