Mercedes-Benz India eyes double digit growth

The Indian arm of Mercedes-Benz expects to post double-digit sales growth this year compared with 2009 as it launches new models in Asia's fourth-largest auto market, its chief executive said.
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The Daimler owned subsidiary sold 3,220 cars in India last year, down slightly from 3,250 in 2008.

"In 2010, we are ready with a range of products," said Mr Wilfried Aulbur, CEO and Managing Director of Mercedes-Benz India. "We will grow at very solid double-digit numbers."

Mercedes-Benz India, fully owned by Daimler, will launch two more models at this week's Indian Auto Expo, which runs from today until January 11. The firm has been producing cars and trucks in India since 1994, initially as a joint venture with the country's largest vehicle manufacturer Tata.


After the joint venture ended in 1997, the German firm had been making its C-, E- and S-class cars at a facility that it leased from Tata Motors until the end of 2008. It launched a new facility in Pune (pictured above), in western Maharashtra state, in February last year.

With Reuters