+
Daimler Truck Registers Solid 2024 Group Financial Results
ECONOMY & POLICY

Daimler Truck Registers Solid 2024 Group Financial Results

Daimler Truck, the parent company of Daimler India Commercial Vehicles (DICV), has released its financial Group results for 2024 with yet another year of strong performance, despite weak demand in key markets. The Group registered a significant increase in sales of its battery-electric vehicles compared to the previous year. The Group revenue slightly decreased by 3% to €54.1 billion (down from €55.9 billion in 2023) and an adjusted EBIT decrease by 15 per cent to €4,667 million (€5,489 million in 2023). However, the Free Cash Flow of the Industrial Business increased by 12% to €3,152 million last year, from €2,811 million in 2023.

The Group’s Trucks Asia segment also witnessed a 22% decrease to 125,234 units in 2024, from 161,171 units in 2023. The segment’s revenue also declined by 13% to €6,111 million from €7,060 million in 2023.

Incoming orders also witnessed a slight 2% decrease in 2024 due to the declining demand in EU30 region and the weaker market demand in India, Indonesia and other Asian markets. However, the Group’s order intake in Q4 2024 driven by positive development in Mercedes-Benz Trucks and Trucks Asia increased significantly by 15%, compared to Q4 2023. Daimler Truck registered 460,409 commercial vehicles sales worldwide in 2024, a 12% decrease from its sales in 2023 which stood at 526,053 units. However, sales of its battery-electric vehicles increased by a significant 17% with 4,035 units of sales.

Daimler Truck, the parent company of Daimler India Commercial Vehicles (DICV), has released its financial Group results for 2024 with yet another year of strong performance, despite weak demand in key markets. The Group registered a significant increase in sales of its battery-electric vehicles compared to the previous year. The Group revenue slightly decreased by 3% to €54.1 billion (down from €55.9 billion in 2023) and an adjusted EBIT decrease by 15 per cent to €4,667 million (€5,489 million in 2023). However, the Free Cash Flow of the Industrial Business increased by 12% to €3,152 million last year, from €2,811 million in 2023. The Group’s Trucks Asia segment also witnessed a 22% decrease to 125,234 units in 2024, from 161,171 units in 2023. The segment’s revenue also declined by 13% to €6,111 million from €7,060 million in 2023. Incoming orders also witnessed a slight 2% decrease in 2024 due to the declining demand in EU30 region and the weaker market demand in India, Indonesia and other Asian markets. However, the Group’s order intake in Q4 2024 driven by positive development in Mercedes-Benz Trucks and Trucks Asia increased significantly by 15%, compared to Q4 2023. Daimler Truck registered 460,409 commercial vehicles sales worldwide in 2024, a 12% decrease from its sales in 2023 which stood at 526,053 units. However, sales of its battery-electric vehicles increased by a significant 17% with 4,035 units of sales.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code