Daimler Trucks Asia

Hartmut Schick President and CEO

Based in Asia, we are part of Daimler Trucks, the global leader in commercial vehicles. We are comprised of two OEMs, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles (DICV). Together, they give us a rich 85-history to draw from as well as a young, innovative drive. The FUSO and BharatBenz brands stand for industry-leading technology and unrivaled quality for our customers in over 170 markets worldwide.

Our people, hailing from over 45 countries, form the core of our identity and success. DTA is a truly global organization that believes in the power of the team to achieve great things. This is why our strategy is named DTA One: As one team, we will tap our full potential and achieve our goals together.

At MFTBC in Japan, we set the benchmark in efficiency, safety and comfort for the industry with our trucks and buses. We also firmly believe that the future is green, and are putting environmentally friendly vehicles at the core of our product portfolio. As an enthusiastic step toward a green future, we have launched the world’s first series-produced all-electric light-duty truck, the eCanter, and also launched E-FUSO, a product brand dedicated exclusively to our electric portfolio.

In India, we established the BharatBenz brand in 2012, and have grown to double-digit market share on the subcontinent since then. For our growth markets in Asia, Africa and Latin America, we exploit our strategic position in India to offer our robust FUSO trucks built in Oragadam to markets worldwide.

As Daimler Trucks Asia, we will continue to tap the full potential of our global team to consolidate our technological lead in the commercial vehicles industry and ensure the highest levels of quality for our customers.

Yours sincerely, Hartmut Schick

Message from the CEO and Chairman 01 | About Us 02 | Strategy: E-FUSO 04 | Strategy: Our Employees 06

Our Brands 08 | Products: FUSO 12 | Products: BharatBenz 14 | Locations 16

01MESSAGE

Kazuo Matsunaga Chairman of the Board, Mitsubishi Fuso Truck & Bus Corp.

Having served in the Japanese Ministry of Economy, Trade and Industry (METI) for many years, I am convinced that Japanese companies have to open up not only to international markets, but also to a globalization of their workforce in order to remain competitive in the global marketplace.

Daimler Trucks Asia is a great example how a respected and traditional Japanese company — Mitsubishi Fuso Truck and Bus Corporation — can progress and flourish by teaming up with an international partner — Daimler India Commercial Vehicles, to become a truly global organization, overcoming national and cultural boundaries.

I am always amazed to see how the transcultural setting of our workplace encourages talented and motivated people from different walks of life and with diverse cultural backgrounds to work together and, as one, generate new ideas, concepts and products. These unique synergies make us stand out and allow us to innovate best solutions for the ever-evolving demands worldwide.

People form the heart of a company, and companies are important pillars of society. Hence, we acknowledge our role as corporate citizens. Especially so, as trucks and buses form an indispensable backbone of communities worldwide by delivering goods and transporting people. Our aim is to not only grow and be profitable, but to do so in a sustainable way that supports our environment economically, socially and ecologically.

We are not only the frontrunner in the electrification of trucks that will help cities to lower greenhouse gas emissions and noise levels. We also strive to operate in a sustainable way. Our Indian plant sources 70% of its power needs from renewable energies. For that matter we have installed solar panels both in our Indian and Japanese plants. We use rainwater harvesting and follow a zero-discharge policy for waste-water and materials, to lower our impact on the ecosystems. And our employees benefit from modern work policies such as flex-time and options for teleworking.

No company, no product and no person will ever be perfect, but it makes me proud to see how everybody at Daimler Trucks Asia is motivated and committed to become better every day.

Thank you for your curiosity and interest in our organization and I welcome you to explore further.

Yours faithfully, Kazuo Matsunaga

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03ABOUT US

Head of Unit: Erich Nesselhauf, Managing Director & CEOEmployees: More than 3,000Domestic Network: More than 130 sales & service touch pointsExports Markets: More than 30 markets in Asia, Middle-East, Africa, Latin America

Production: Trucks, buses and engines under three brands—BharatBenz, FUSO and Mercedes-Benz.Production Capacity: Trucks: up to 72,000*/year *depending on shift model Buses: 1,500#/year #scalable to 4,000/year

Daimler Trucks Asia (DTA) combines the strengths of two distinct legal entities Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles (DICV).

This unit allows the entities to collaborate on areas such as product development, production, exports, sourcing and optimizing research and sales & market development activities to provide the best of value products to our customers.

MFTBC, with more than 80 years of history and DICV, with its fresh and innovative outlook, have been integral parts of Daimler Trucks, jointly contributing to more than a third of its sales volumes. DTA, deriving its strengths from both the entities, is the answer to the significantly growing demand for trucks and the different needs of customers around the world.

DTA has an integrated product portfolio with the traditional FUSO product line for Japan and international markets, the all-new range of FUSO trucks for growth markets and the highly competitive BharatBenz range for the Indian market, together offering unparalleled value to our customers around the world. The Asian production network for DTA is a robust one, consisting of two major hubs in Kawasaki, Japan and Oragadam, Chennai, India.

The combined approach allows DTA to jointly leverage India, the fully-fledged testing

infrastructure of MFTBC in Kitsuregawa, Japan, and the proven engineering capabilities of DICV in Chennai, India. It further translates to coordinated procurement and supplier management functions, greater cost efficiencies, access to high quality supplies and widened export business by tapping the combined sales potential of the two entities.

The benefit of working as a unified strategic organization is not only restricted to the technical aspects of our business but also reflected in the sense of diversity among our people. A deeper cultural integration, in the form of exchange avenues for talents to encourage co-learning and increasing collaborations, allows our employees to gather intercultural experiences.

In 2016, the DTA as a group sold around 144,000 units, serving more than 160 markets and employing a workforce of 15,000 people.

Both MFTBC (89.29%) and DICV (100%) are an integral part of Daimler AG, one of the world’s most successful automotive companies. With its divisions for Mercedes-Benz passenger cars and vans, Daimler trucks and buses, and financial services, the Daimler Group is a leading global vehicle manufacturer and the world’s biggest manufacturer of commercial vehicles with a global reach.

Company Name: Mitsubishi Fuso Truck and Bus CorporationMain Office: 1-1-2, Kashimada, Saiwai-ku, Kawasaki-shi, Kanagawa, 212-0058 JapanChairman of the Board: Kazuo MatsunagaPresident and CEO: Hartmut SchickCapital: 35 billion yen

Established: January 6, 2003Business Details: Commercial vehicles, R&D, design, manufacture, sales, import and export of trucks, buses and industrial engines and other related businesses.Employees: 10,000Major Shareholders: Daimler AG (89.29%); Mitsubishi group companies (10.71%)

Two CompaniesOne Commercial Vehicle Portfolio

Mitsubishi Fuso Truck and Bus Corporation (MFTBC) Daimler India Commercial Vehicles (DICV)

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E-FUSO — Technology and InnovationFUSO — a brand of Daimler Trucks Asia — is the frontrunner in electric trucks. Back in 2010 the brand introduced a prototype of the all-electric Canter E-Cell. In 2017 Fuso became the first global OEM to start series production of an all-electric truck.

05STRATEGY

World Premiere. The eCanter.Daimler Trucks Asia celebrated the global launch of the FUSO eCanter in New York City. The FUSO eCanter is the world’s first series-produced all-electric light-duty truck, being delivered to customers in the US, Europe and Japan.

Zero-Emission, Zero-NoiseThe all-electric light-duty truck is DTA’s answer to the public’s need for a zero-emission, zero-noise truck for continuously increasing inner-city distribution. In addition to being an environmentally friendly vehicle, it is cost-efficient and economical for users, as already proven within customer tests in Europe. The FUSO eCanter has a range

of 100 kilometers and a load capacity up to three and a half tons — depending on body and usage. The vehicle’s electric powertrain contains six high voltage lithium ion battery packs with 420 V and 13.8 kWh each. In comparison with a conventional diesel truck, it offers savings up to 1,000 Euro per 10,000 kilometers on operating costs.

Result of Intensive Research and Customer TestingThis global launch of the new FUSO eCanter is not just a product launch — it’s a revolution years in the making: At the 2010 IAA Commercial Vehicle Show in Hannover, Germany, FUSO presented a first prototype of an electrically-powered Canter E-Cell, leading into a pre-series production for testing purposes in 2014. The FUSO eCanter benefits from extensive experience of customer trials conducted in

Portugal and Germany with the pre-series vehicles between 2014 and 2017. In May of 2017, MFTBC announced its first commercial customer for the new in-line series production vehicle in the Japanese market. Seven-Eleven Co., Ltd. will be operating 25 units of the eCanter in their fleet. DTA is committed developing and embracing sustainable and reliable transportation solutions to benefit society and the planet. The eCanter is only the beginning.

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Our employees — Think global. Work local.Highly motivated and efficient employees are at the heart of our success. Enthusiasm, esteem, integrity and discipline: Be it professionally or privately, our workforce embodies these values in so many ways. They thus shape the unique face of the company.

07STRATEGY

At the foundation of our success as a leading provider of Global Transportation Solutions, you will find a diverse workforce of over 15,000 employees across Japan, India, the USA, Australia, South Africa, and other strategic locations, working together as MFTBC (Japan) and DICV (India), under the umbrella of Daimler Trucks Asia (DTA). We are excited about the direction we are leading the Commercial Vehicle Industry from pioneering innovation of electrification, connectivity and digitalization; to the way in which we embrace work-life balance, and support diverse career opportunities.

Work CultureOpen, Collaborative, DiverseAt the core of DTA are products, processes and, of course, our people. As a DTA employee,

you will find a unique culture of openness, collaboration and discovery. A work environment which is diverse, performance based, and strives to bring a positive work-life balance. At DTA you will find people from over 45 countries working together bringing different viewpoints, approaches and answers to the table. This diversity challenges our instincts, broadens our views and solutions, and helps fuel our growth.

InnovationTaking the leadElectrification, Connectivity, Autonomous driving, Digitalization. These aren’t just buzz words at DTA. These are some of the areas of innovation in which we are working today which sets us apart from our competition. From being the first OEM to launch the world’s first electric truck series, to building

cutting-edge connectivity solutions and digitized products, we are constantly challenging the norm and redefining the Commercial Vehicle Industry.

OpportunitiesJapan, India and BeyondWithin DTA your opportunities are limitless. Working here offers you exciting potential to grow professionally and personally. You are given many projects to tackle gaining experience and exposure to new and exciting work within DTA. It’s up to you how far you want to take your career. DTA enables employees to rise to the next level within a relatively short period of time for a large organization.

DTA is a truly global organization. You will work with people from

around the world, and gain opportunities to move, not only within your office to new positions, and departments, but also beyond borders to grow your career and expand your horizons. You will find great diversity in our offices in Kawasaki and Chennai. DTA offers employees the ability to gain cross-cultural job exposure to experience working in other countries, which we believe also supports career growth. This brings us closer together and expands our knowledge and competencies in our markets around the globe providing us with better work solutions for our products, customers and people. Opportunities abound.

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Our strong vehicle brands are gathered under the umbrella of Daimler Trucks Asia (DTA). Through our products, we offer our customers tailored solutions and pioneering technologies.

Our brandsCustomer-focused. Trusted worldwide.

09OUR BRANDS

FUSO The Mitsubishi Fuso brand is trusted for its quality, economic efficiency, solid and functional design, and committed after-sales services. FUSO is the leading Japanese brand across many markets, known for its track record of technological innovations and high levels of customer satisfaction based on the lowest total cost of ownership.

Mitsubishi Fuso products offer ultimate reliability and durability, which translates into increased payload and uptime for our

customers. To ensure our vehicles keep delivering profits, FUSO has adopted the Commercial Vehicle Development System (CVDS). Clearly defined quality gates, from project launch to start of production, guarantee product maturity and quality. R&D expertise from around the world is shared and best practices implemented to ensure our customers are benefiting from the most advanced designs and materials.

The Truck Operating System (TOS) — another global Daimler program — allows manufacturing methods to be adopted from the best plants in the world. It serves as a benchmark to ensure the highest performance and continuous improvement to meet our objectives in terms of safety, quality, cost, delivery, environmental impact and employee morale. FUSO plants consistently rank as some of the leanest in global benchmarks.

Our Kitsuregawa Proving Ground is the largest of its

kind, both in Japan and within Daimler Trucks worldwide. We maintain the quality of FUSO products through R&D based on the strictest standards. Our efforts pay off: FUSO products consistently rank first in residual values and often live a second life after being exported from their original country of purchase.

Launched in 2013, the new FUSO range includes the FA, FI, FJ, FO and FZ products, developed specifically for emerging markets around the world. Manufactured in the Oragadam Plant in Chennai, India, these trucks are a blend of Daimler Trucks’ technology, Japanese engineering quality and Indian creativity.

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E-FUSOAs the frontrunner in electric trucks, FUSO has taken the next logical step in creating a product brand dedicated to electric trucks and buses: E-FUSO.

E-FUSO is the first global OEM brand exclusively dedicated to electric trucks and buses. While the first truck to carry the E-FUSO badge is the new E-FUSO Vision One all-electric HDT, the next generation of the FUSO eCanter — planned for launch in 2019 — will also come under the E-FUSO brand.

E-FUSO is a clear commitment by FUSO to the goal of making its complete range electric, as technology and reach permit. It

sends out a strong signal to countries and cities that, as a global CV manufacturer, Daimler Trucks Asia is serious about contributing to global and national efforts to reduce greenhouse gas emissions.

E-FUSO Vision OneThe E-FUSO Vision One is a concept vehicle that offers a glimpse into our vision for the next stage of electric trucks.

A heavy-duty rigid truck with a gross vehicle weight of 23 tons, it carries a payload of 11 tons. The E-FUSOVision One allows a range of 350 km on a single charge, depending on application and driving conditions.

Its striking and futuristic design offers a glimpse into what lies ahead at FUSO, while the spacious and minimalist interior shows what the driver’s workplace will look like.

With its head-up display and modern connectivity and communication features, it’s a bold preview of our future products.

Finally, the Vision One is the first vehicle badged with the newly-created E-FUSO brand. This makes FUSO the first commercial vehicle brand to introduce a sub-brand exclusively for electric trucks and buses.

11OUR BRANDS

BharatBenz BharatBenz symbolizes the harmonious confluence of the values, ideologies and spirit of India with the lineage of invention, innovation and engineering excellence that have led to generations of global leadership by Daimler.

BharatBenz aims to be an integral part of India’s economic advancement by providing commercial mobility solutions that accelerate the progress of business in India.

In 2012, BharatBenz embarked on its journey with one ambitious

promise: to Transform the Indian Commercial Vehicle Industry. Today, the BharatBenz range of trucks ranging from 9–49 tonnes have redefined how trucks are used in India.

• High-powered engines and high fuel efficiency now come together

• Deliveries are faster and always on time

• Customer service is proactive and world-class

• Customer profitability is maximized

With the new range of modern 9-tonne buses, BharatBenz is now determined to make buses the preferred mode of transportation for school, staff and tourist transport. The travel experience for Indian travellers and the way bus operators work are both set to be transformed through new levels of comfort, reliability and — most importantly — safety.

BharatBenz also leads India’s commercial vehicle segment

in the country’s recent transition to the new BS-IV emissions standard. The whole BharatBenz portfolio had already been available with BS-IV from August 2015.

When the full transition to BS-IV vehicles became reality on April 1, 2017, BharatBenz already had delivered more than 1,000 vehicles with this new standard to customers. The BS-IV solution is based on proven SCR technology, which has been used in Mercedes-Benz trucks for several years and is constantly evolving.

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Rosa

eCanter

6M70-TLE3A

6M60-TLE3BA

4M50-TLE3BA

FZ

FO

Super Great (Tractor)

Super Great Aero Queen

Aero Star

Fighter Canter

Aero AceFighter (Dump) Canter Eco Hybrid

FJ FA/FI Canter EX

Canter Guts

Canter Van (Van)

Canter Van (Micro Bus)

Heavy-Duty TrucksGVW: 20 tons

Large Coach Buses

Large City Route Buses

Small Buses

Industrial EnginesMedium-Duty TrucksGVW: 8–20 tons

Light-Duty TrucksGVW: 3.5–8 tons

Vans E-FUSO

13PRODUCTS

FUSO Product Lineup

E-FUSO Vision Truck

Prototype

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Haulage — Medium-Duty Trucks Construction Range

Gross vehicle weight rating: 9.6 – 13 t

Vehicle use: A broad range of products for logistics applications

Engines: 4-cylinder in-line engines

Output: 100 kW

Chassis: 4×2

Gross vehicle weight rating: 13 – 25 t

Vehicle use: Construction industry

Engines: 4-cylinder in-line engines, 6-cylinder in-line engines

Output: 125 kW, 175 kW

Chassis: 4×2, 6×4

Haulage — Heavy-Duty Trucks Mining Trucks

Gross vehicle weight rating: 16 – 37 t

Vehicle use: A broad range of products for logistics applications

Engines: 4-cylinder in-line engines, 6-cylinder in-line engines

Output: 125 kW, 175 kW

Chassis: 4×2, 6×2, 8×2, 10×2

Gross vehicle weight rating: 25 – 31 t

Vehicle use: Mining Operations

Engine: 6-cylinder in-line engines

Output: 210 kW

Chassis: 6×4, 8×4

Gross combination weight rating: 40 – 49 t

Vehicle use: Industrial freight, heavy-duty transportation, special use transportation

Engines: 6-cylinder in-line engines

Output: 175 kW, 210 kW, 295 kW

Chassis: 4×2, 6×4

* Daimler Buses complete vehicles and bus chassis made by Daimler India Commercial Vehicles not shown here.

Tractors

15PRODUCTS

BharatBenz Product Lineup

MFTAMFTE*1

DICV

Daimler Headquarters

MFTBC Headquarters

Production and R&D Facilities

Overseas Business OperationsWe rely on the customer orientation and local market knowledge of distributors in our global sales network, and aim to produce locally wherever possible to provide the most competitive price and the most efficient delivery process. Our production network, including those for knocked-down (KD) products, includes 7 manufacturing sites on three continents.

l1HeadquartersKawasaki City, Kanagawa

The headquarters of Mitsubishi Fuso Truck & Bus Corporation is located in the Shin-Kawasaki Mitsui Building, within walking distance from the Kawasaki plant.

l2Kawasaki Plant / Research & Development and Purchasing Center Kawasaki City, Kanagawa

The Kawasaki plant is the largest FUSO truck plant,manufacturing light, medium and heavy duty trucks for Japan and export markets. It also includes the R&D center and the global Hybrid center, as well as operational functions such as procurement, logistics and production planning.

l3Nakatsu PlantAiko-gun, Kanagawa

Located one hour west of Tokyo, the Nakatsu plant specializes in the manufacturing and assembly of FUSO transmissions and powertrain components. A highly automated, state of the art manufacturing process ensures the reliability and durability of FUSO powertrains. Production cycles are synchronized with the nearby Kawasaki plant.

l4Kitsuregawa Proving Ground Sakura City, Tochigi

The FUSO proving ground two hours north of Tokyo is one of the largest commercial vehicle testing facilities in the world. With specialized equipment, procedures and staff for truck and bus testing, Kitsuregawa has been safeguarding the concept maturity and product quality of all FUSO vehicles since 1980.

l5Mitsubishi Fuso Bus Manufacturing Co., Ltd. Toyama City, Toyama

Located in the north of Japan, MFBM is one of the largest bus plants in Japan, manufacturing the entire FUSO bus range. Specializing in high degree of customization to meet specific customer demands, MFBM produces buses for Japan and the world.

l Distributor | l Distributor affiliated with Daimler | s Overseas production bases | H Consolidated subsidiaries

*1 Consolidated subsidiary in Europe (Portugal) also includes a production facility. | As of March, 2016

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MFTAMFTE*1

DICV

Daimler Headquarters

MFTBC Headquarters

lADaimler India Commercial Vehicles Pvt. Ltd.India

The state-of-the-art plant near Chennai, opened in 2012, is also home to DICV’s headquarters and R&D operations, and features a highly modern test track. It is the only Daimler plant worldwide to produce trucks, buses and engines for three brands — BharatBenz, FUSO, and Mercedes-Benz — for India and more than 30 export markets.

lBMitsubishi Fuso Truck Europe Sociedade Europeia de Automoveis, S.A. Portugal

Acting as the main production hub for markets in and around Europe, the FUSO plant in Tramagal shortens lead times and increases flexibility. With locally sourced parts and bodies, FUSO is able to offer its European customers ready-to-use Canter trucks from the factory.

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17LOCATIONS

Mitsubishi Fuso Truck and Bus Corporation1-1-2, Kashimada,Saiwai-ku, Kawasaki-shi,Kanagawa, 212-0058 JapanTel : +81-44-330-7700

Daimler India Commercial Vehicles Pvt. Ltd., SIPCOT Industrial Growth Centre, Oragadam, Mathur Post, Sriperumbudur Taluk, Kancheepuram District, Tamil Nadu - 602105 Tel: +91 44 49694000