India approves Daimler, Publicis investments


NEW DELHI, Dec 24 (Reuters) - India has approved a proposal by German auto giant Daimler AG to set up a joint venture company for building bus bodies, a government statement said on Monday. There was no mention in the statement of the size of the Daimler investment nor details of the local partner. Earlier this month, Daimler's market-leading trucks business said it had formed a joint venture with India's Hero Group to make a range of commercial vehicles for the fast-growing Indian ...

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