Mercedes-Benz to invest Rs 850 crore in India

Mercedes-Benz India has invested Rs 850 crore until now at its plant in Chakan. The funds are being used to ramp up production. It hasn't been a good drive for Mercedes over the last few years

The new MD & CEO, Eberhard Kern, Mercedes-Benz India talking about expansion said not only would they be investing Rs 850 crore into their production facility but additionally their dealers, their partners, in net would invest Rs 550 crore.

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"We have expanded our factory and you can expect we will have additional models to be produced here," he asserted.

Below are the excerpts of his interview with CNBC TV18'S Sunanda Jayaseelan

Q: Could tell us about your expansion plans?

A: This month we started with further construction. We upgraded our plant so that we can facilitate in future 20,000 units not only in the paint shop, but as well as in the total plant.

Now, it is Rs 850 crore that we invest into our production facility here. Additionally our dealers, our partners in the net, invest Rs 550 crore.

Q: You already locally manufacture the C-Class, the E-Class, the M-Class and also the S-Class if I have not mistaken, how many more products do we see coming out of your facility here in Pune?

A: The next which is already decided will be the new GL-Class. The production starts in this year. What comes next is still work in progress. We have expanded our factory and you can expect we will have additional models to be produced here.

Q: You had a stated policy that you would introduce two new products a year till the year 2015. Are we expecting to see more than just two products this year in the Indian market from you?

A: Yes.

Q: Can you put a number to it?

A: I mentioned already the three; the B-Class diesel, the all new A-Class hatchback diesel and petrol, and the GL-Class. There are two more to come.

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