German luxury car maker Mercedes-Benz is planning to double its current manufacturing capacity by next year. The expansion will be carried out at the existing facility at Chakan, near Pune. Mercedes plans to invest Rs. 250 crore for this expansion project.
The company plans to double its annual output to 20,000 units from the current 10,000 units. Mercedes claims that the infrastructure and other requirements to carry out the expansion are ready, only approval from the government is pending. This will make Mercedes’ total investments in India a total of Rs. 850 crore. The company adds that this step is in sync with the recently announced ‘Make in India’ campaign by PM Narendra Modi.
Mercedes has launched a plethora of products in the Indian sector this year, and the increasing demand in the luxury car space might be another reason for this expansion project.
Existing product lineup:
- AMG powered variants