Indian Economy News

Mercedes Benz to make SUV in India

Pune: Mercedes Benz has decided to manufacture the GLA entry SUV in India, the first market after Germany. The company has doubled its India assembly capacity to 20,000 units per annum.

Merc has been expanding its local assembly capacity as volumes are rising fast on the back of new model launches and expansion of sales network. It witnessed 40% growth in sales this year. "India is one of the focus markets for Mercedes Benz globally, and with addition of a new plant, we are getting future ready," company India MD & CEO Eberhard Kern told TOI here.

The plant was inaugurated on Thursday by Maharashtra CM Devendra Fadnavis and Union environment minister Prakash Javadekar.

With the addition of the GLA SUV, the company now makes six models locally. The CLA entry sedan will be added to the local assembly list later this year, followed by A- and B-Class models. The local production of GLA SUV will see the model's price come down by between Rs 1.5 lakh and Rs 2.5 lakh. It is currently available for Rs 32.75-36.9 lakh (ex-showroom Delhi).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.