Daimler AG
Daimler AG and Hero Group announced they dissolve the Daimler Hero Commercial Vehicles Ltd. joint venture on 15 April 2009 because of an economic downturn in India. Hero group decided to focus on core operation and return the 40% stake in DHCV joint venture to Daimler AG. With 100% stake Daimler AG renamed DHCV as Daimler India Commercial Vehicles (DICV).