Saturday, 18 May 2013

Mercedes Benz India to invest Rs 250 Crore to double capacity



Mercedes Benz India was at no.3 in Indian Luxury car market in India in year 2012, however the things have started turning around for the Stuttgart based manufacturer in India. The carmaker is now no.2 replacing with Audi at no.1 and BMW at no.3 (first three months sales figure - Read more, here)

The Stuttgart based car manufacturer has even more challenging plans and wants to be the number one luxury car manufacturer in India. The carmaker thus plans to invest Rs 250 Crore in India by year end and plans to double the capacity to 20,000.

"We are enhancing our production to cater to the increasing demand for luxury sedans and SUV in the domestic market," Mercedes Benz India MD & CEO Eberhard Kern said. The cumulative investment for the Indian market would be raised to Rs 850 crore, he said.

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