Luxury car major Mercedes-Benz India will extend its financial arm, Daimler Financial Services to India. A few approvals were needed from the authorities before it could begin operations, said Wilfried Aulbur, managing director and CEO, Mercedes-Benz India, in Pune today.
Mercedes Benz India on Friday said it will enter the financing services business in the country, looking to further enhance its position after posting a new sales record for the third month in succession in September.
About 150 Mercedes-Benz cars, purchased in a single transaction and valued at Rs 65 crore (Rs 650 million), were distributed in Aurangabad.
Wilfried Aulbur, MD & CEO of Mercedes-Benz India speaks about his plans for India
"Our presence in the commercial vehicles segment now widens with the introduction of Mercedes-Benz buses. The coaches stand for the latest and best technology, design, comfort, reliability and performance," Mercedes-Benz India Managing Director and CEO Wilfried Aulbur told reporters at its Pimpri plant.
Mercedes-Benz India has indicated to invest Rs 150 crore (Rs 1.5 billion) in network expansion and upgradation of network partners during this financial year. Hyderabad and the adjoining areas have around 1,200 Mercedes-Benz cars.
E-Class Coupe has state-of-the-art technology and high safety standards, which meets the needs of young individuals looking for a car that is athletic, striking and passionate.
The 150 cars that were distributed include 13 S class, 74 E class, 39 C class, 6 GL class and 18 M class cars.
Mercedes-Benz India on Monday said it will start bus body-building by the second half of next year, for which it will set up a new unit at its Pune plant. "Already we are building a bus chassis at our Pune plant.
The SLS AMG is powered by a 6.2 litre engine and it can go up to a maximum speed of 317 km per hour.
The chasis of the three-axles vehicle will be made by Mercedes Benz while the body will be assembled by its Indian partner Sutlej Motors.
The sales growth of the Mercedes-Benz cars maker in India in 2005 was 5.5 per cent, while it was 11 per cent last year (2006).
DaimlerChrysler India on Friday announced the launch of the latest edition of its S-Class diesel, the S 320CDi L, and the premium Mercedes-Benz CL-Class, for the Indian market at the Brand Showcase in Mumbai.
The increasing preference for Mercedes Benz models by Indian customers may see the company roll out more models in the near future.
DaimlerChrysler India Wednesday unveiled the latest edition of S-Class vehicles with a price tag of Rs 70 to 72 lakh and M-class vehicles, between Rs 55 to 60 lakh, for the Indian market at the Mercedes-Benz Brand Showcase in Mumbai.
Having brought its entire Mercedes Benz line to India, DaimlerChrysler is now contemplating bringing its Chrysler range of vehicles as well.
German-US carmaker DaimlerChrysler on Friday said it would set up a second plant in India in or around Pune, as the company expects the market for high-end products to grow as also launch new products.
DaimlerChrysler India on Friday announced the launch of the E-280, its new variant of E-class in India. The company also announced debut of the diesel variant, the E-280CDI in India.
Maruti is now at a market share of 50.4%, up from 47.3% last year. In China, the world's biggest market, Volkswagen is the largest, with a share of 17%. In America, the second biggest, GM is leader with 18%. One exception is South Korea, where Hyundai has a market share in excess of 60%.
About two dozen car & SUV models and two-wheelers lined up for launch
Toyota, M&M and Honda are making tough adjustments to their growth plans as uncertainty over diesel vehicles and fuel emission norms rises
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