German luxury carmaker Mercedes-Benz stated it had started local production of its AMG portfolio in India and rolled out its first GLC 43 4MATIC Coupe produced in India priced at $103,000 from its Pune factory. The company now produces 11 models locally in this factory which has an annual installed capacity of...
Mercedes-Benz completes 25 years of production in India
Mercedes-Benz, the German luxury car maker marked 25 years of producing its vehicles in India, where the company has sold 110,000 locally made cars. In 1994, the company first started to assemble cars in India with its production site located in the Tata Motors premises before it shifted to its...
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
Auto sales rise 31 percent in 2010, will continue at 15 percent or better in 2011
The Society of Indian Automobile Manufacturers (SIAM) reported that 2010 sales climbed to 1.87 million cars from 1.43 million in 2009, a breathtaking increasing of 31 percent. Car sales are projected to rise to 3 million units a year by 2016, according to SIAM. Growth will not be as high...