Hero – Daimler today unveiled its Rs. 4,400-crore joint venture plan to build commercial vehicles in India. “This joint venture will first focus on light and medium commercial vehicles which will be developed with specific Indian conditions in mind to be launched by 2010. By 2012 it will roll out heavy commercial vehicles,” Daimler Trucks Head Andreas Renschler told. In the new venture Daimler Hero Motor Corporation (DHMC), Hero group will hold 40 per cent equity in the joint venture, while Daimler will have the remaining 60 per cent stake. Daimler would invest Rs.1,386 crore in equity, while Hero group would be putting in Rs. 900 crore to take 40 per cent stake. Daimler Hero Motor Corporation will first focus on light and medium commercial vehicles which will be developed with specific Indian conditions in mind to be launched by 2010 and it will roll out heavy commercial vehicles by 2012. The top-end specialised product portfolio of Mercedes-Benz trucks like Actros would be rolled out from DaimlerChrysler India’s new Chakan plant. The more volume-oriented, lower-end ones will probably be handled by the new JV.