Daimler India Appoints Rajiv Chaturvedi as President & Chief Business OfficerDaimler India Appoints Rajiv Chaturvedi as President & Chief Business Officer

11 Apr 2025

Daimler India Appoints Rajiv Chaturvedi as President & Chief Business Officer

Rajiv Chaturvedi joins Daimler India as President & CBO to lead domestic sales, drive growth, and strengthen BharatBenz's presence.

Review

Author

PV

By Pratham

Share

In a significant leadership shift poised to shape the future of its domestic business, Daimler India Commercial Vehicles (DICV) has appointed Rajiv Chaturvedi as its new President and Chief Business Officer – Domestic Sales & Customer Service, effective April 1, 2025.

With more than three decades of hands-on leadership across diverse facets of the heavy machinery and commercial vehicle industries, Chaturvedi steps into this pivotal role at a time when the brand is strategically recalibrating for its next growth chapter. His expertise? A formidable blend of business strategy, market development, and operational execution—precisely the trifecta needed to energize DICV’s BharatBenz brand as it navigates an increasingly competitive Indian market.

Chaturvedi’s professional footprint spans leading roles at Hyundai Construction Equipment India, where he spearheaded a remarkable transformation. Under his leadership, the company witnessed a 20% annual revenue surge and a jaw-dropping 200% rise in operating profit between 2022 and 2024. Before that, his tenure at Tata Hitachi Construction Machinery further cemented his reputation as a results-driven strategist with a sharp eye for market dynamics.

Now at the helm of DICV’s domestic operations, Chaturvedi is tasked with steering growth, tightening operational efficiencies, and sharpening the brand’s presence across India’s ever-evolving commercial landscape. His deep industry insights, especially in construction and heavy-duty sectors, are expected to infuse fresh energy into the BharatBenz roadmap.

He steps into the shoes of Sreeram Venkateswaran, who led the domestic business from August 2023 until March 2025. Venkateswaran played a key role in sculpting DICV’s India blueprint, laying down the go-to-market foundation that BharatBenz continues to build upon.

This leadership transition comes amid a mixed backdrop. In 2024, DICV’s unit sales dipped by 23%—from 25,435 units in 2023 to 21,434. Yet, despite the volume drop, the company achieved a staggering fivefold increase in net profit, hitting ₹1,787 crore in FY24. What fueled this surge? A robust demand for higher-margin products such as tippers and tractor-trailers, along with growing momentum in its bus segment.

Clearly, DICV is betting big on Chaturvedi’s ability to not just maintain this momentum but to accelerate it. As the commercial vehicle sector grapples with shifting market expectations and economic cycles, his leadership is expected to bring both stability and strategic boldness.

With this appointment, DICV signals a clear intent: to drive forward, reimagine its domestic playbook, and strengthen its position as a formidable force in India’s transport ecosystem.

Web Stories

Latest Industry Insights News

  • Drive-a-thon Day 7: Real-World Mileage and Mountain Roads
    Drive-a-thon Day 7: Real-World Mileage and Mountain RoadsThe Mahindra Jeeto Strong CNG Drive-a-thon, powered by Mahindra Last Mile Mobility and 91trucks, continued its journey on Day 7 with a strong demonstration of endurance, efficiency, and adaptability across changing terrain.The team started the journe...
    BS

    By Bharat

    Fri Jul 11 2025

    2 min read
  • Drive-a-thon Day 6: Strong Interest and Bookings in Ahmedabad
    Drive-a-thon Day 6: Strong Interest and Bookings in AhmedabadThe Mahindra Jeeto Strong CNG Drive-a-thon, powered by Mahindra Last Mile Mobility and 91trucks, is on a mission to demonstrate the endurance, efficiency, and reliability of the Jeeto Strong CNG. Over 10 days, the vehicle will travel more than 5,500...
    BS

    By Bharat

    Fri Jul 11 2025

    3 min read
  • MG Group Unveils TIGRA Super-Premium Luxury Coach, Launches New Corporate & Brand Identity
    MG Group Unveils TIGRA Super-Premium Luxury Coach, Launches New Corporate & Brand IdentityDesigned and manufactured at the MG Group's manufacturing unit at Belagavi. The TIGRA offers supreme comfort and safety, and is available on all 13.5-meter coach chassis for both domestic and international marketsBengaluru, July 9, 2025 – MG Group, o...
    BS

    By Bharat

    Thu Jul 10 2025

    6 min read
  • Drive-a-thon Day 6: Strong Interest and Bookings in Ahmedabad
    Drive-a-thon Day 6: Strong Interest and Bookings in AhmedabadThe Mahindra Jeeto Strong CNG Drive-a-thon, powered by Mahindra Last Mile Mobility and 91trucks, is on a mission to demonstrate the endurance, efficiency, and reliability of the Jeeto Strong CNG. Over 10 days, the vehicle will travel more than 5,500...
    PV

    By Pratham

    Wed Jul 09 2025

    3 min read
  • Drive-a-thon Day 4: A Grand Reception in Delhi
    Drive-a-thon Day 4: A Grand Reception in DelhiThe Mahindra Jeeto Strong CNG Drive-a-thon entered Day 4 with a strong start as the team arrived in Delhi early in the morning. The journey’s most impactful moment was at Indraprastha Motors in Siraspur. Mahindra officials, along with the 91trucks te...
    BS

    By Bharat

    Tue Jul 08 2025

    3 min read
  • Commercial Vehicle Sales to Rise 2–5% in FY26
    Commercial Vehicle Sales to Rise 2–5% in FY26India's commercial vehicle sector is expected to grow by 2–5% in FY26, according to CareEdge Ratings. This forecast comes after two years of slow demand. Now, multiple factors—policy changes, financing support, and infrastructure spending—are helping...
    BS

    By Bharat

    Mon Jul 07 2025

    4 min read
  • India’s Electric 3 Wheeler Sales Surge, CNG Auto Market Shrinks
    India’s Electric 3 Wheeler Sales Surge, CNG Auto Market ShrinksElectric three-wheelers are growing fast. In the first half of CY2025, they sold 361,734 units. That is a 15% increase from the same period last year. The shift is clear: electric commercial vehicles are replacing older CNG options.CNG three-wheelers...
    BS

    By Bharat

    Mon Jul 07 2025

    3 min read
  • TVS King EV Max: 5,624 Units Sold, 1.55% Market Share
    TVS King EV Max: 5,624 Units Sold, 1.55% Market ShareIn the first half of calendar year 2025, TVS Motor Company experienced significant success with its electric auto-rickshaw, TVS King EV Max. The company was able to sell 5,624 units, grabbing 1.55% of India's electric three-wheeler market. This is a...
    JS

    By Jyoti

    Mon Jul 07 2025

    4 min read
  • Drive-a-thon Day 3: Lucknow Keeps the Momentum Alive
    Drive-a-thon Day 3: Lucknow Keeps the Momentum AliveDay 3 of the Mahindra Jeeto Strong CNG Drive-a-thon picked up right where Day 2 left off: in the heart of Lucknow. This time, our team rolled into the Amit Motors dealership, where familiar energy and fresh enthusiasm greeted them.The event at Amit M...
    BS

    By Bharat

    Mon Jul 07 2025

    2 min read
  • Drive-a-thon Day 2: Lucknow Lights Up for the Mahindra Jeeto Strong CNG
    Drive-a-thon Day 2: Lucknow Lights Up for the Mahindra Jeeto Strong CNGDay 2 of the Mahindra Jeeto Strong CNG Drive-a-thon, powered by Mahindra Last Mile Mobility and 91trucks, brought the campaign’s energy into full view as the team reached Lucknow. After a brief route through Kanpur, the journey found its momentum at...
    BS

    By Bharat

    Fri Jul 04 2025

    3 min read

Categories

*Prices are indicative and subject to change.
91trucks

91trucks is a rapidly growing digital platform that offers the latest updates and comprehensive information about the commercial vehicle industry.

Our Partner Website

91tractors.com
91infra.com

Get Connected