
Dailymirror.News, National,March 18th, 2025: Daimler Truck, the parent company of Daimler India Commercial Vehicles (DICV),has releasedits 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% 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.
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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.
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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 projects unit sales to range between 460,000 and 480,000 units this year (2024: 460,409 units).

Additional information and documents (Annual Report incl. a detailed disclosure of the five reporting segments of Daimler Truck for the 2024 financial year are available online in the Investor Relations section of Daimler Truck: Annual Results Conference / Daimler Truck