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Daimler’s Satyakam Arya to lead Hino Motors as President & CEO from April 2026
BusinessLine· 2025-11-04 06:53
Core Insights - Satyakam Arya has been appointed as President and CEO of Hino Motors, effective April 1, 2026, marking a significant leadership change for Daimler Truck and Toyota Motor Corporation's integration of their commercial vehicle subsidiaries [1][3] - The integration aims to establish a new listed holding company for Mitsubishi Fuso and Hino Motors, with Daimler Truck and Toyota each targeting a 25% ownership stake [3] - Succession planning for Daimler India Commercial Vehicles (DICV) is currently in progress, with further details to be announced soon [4] Company Performance - Under Satyakam Arya's leadership, DICV has achieved record-breaking profitability growth in its trucks and buses portfolio, while also doubling its customer base across all segments [6] - The dealership network for BharatBenz expanded significantly from 182 to over 385 locations nationwide, enhancing customer accessibility [6] Industry Outlook - The commercial vehicle industry in India is poised for transformation, driven by increased infrastructure investments and a shift towards sustainable mobility, creating strong growth fundamentals [7] - DICV is well-positioned to leverage these opportunities due to its solid foundation and exceptional leadership [7]