Wednesday, February 15, 2012

Mercedes to invest $71m at its India plant

ABR Staff Writer
Published 14 February 2012

German auto maker Mercedes Benz is planning to invest $71m (INR350crores) to build its second and third car production lines at its Chakan plant near Pune, India.

The company is also planning to unveil the new A Class, B Class, a new SUV, a small coupe and one more product which will be assembled at its Chakan plant over the next two years and will also unveil 10 new models in India after their global debuts by 2015.

Mercedes-Benz Cars head and Daimler AG board of management chairman Dieter Zetsche said India is an important growth market for the company.

"We see high demand for our A and B Class segments in India and we plan to enlarge our dealer network and ramp up production capacities," Zetsche said.

The company has also built a paint shop in Chakan plant with an investment of around INR200 crore while the engines are assembled locally under contract by Force Motors.

Mercedes Benz India global sales board and vice president Matthias Luhrs said it is important to start local production for A and B Class.

"We hope to double our volumes with these models," Luhrs said.

Mercedes said that it has already invested INR6.5bn ($131.9m) in India and the current investment will increase the total investment to about INR10bn ($202.9m).

Source: http://manufacturing.automotive-business-review.com/news/mercedes-to-invest-71m-at-its-india-plant-140212

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