German automaker Daimler AG plans to buy more components from India for its global operations and expects growing demand for luxury cars to drive sales higher in India Chief financial officer, Uwe Jarosch, said recently. “Currently, our sourcing from India is €40 million to €50 million.”

Mr. Jarosch said the company is in talks with Indian vendors to contribute to a new global platform, Mercedes Front-wheel Architecture,  for passenger vehicles, including  hatchbacks and compact sport-utility vehicles.