Mercedes Benz to launch compact cars in India

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Mercedes Benz will reportedly unveil its compact cars in the Indian market by the end of 2012. 

Reports quoted Mercedes Benz India MD and CEO Peter Honegg as saying that, "Initially, cars with Left Hand Drive option, manufactured at our facilities in Germany and Hungary, will be introduced in Europe later this year. We plan to bring them to India by 2012-13 as Completely Knocked Down (CKD) units," adding that the facility to manufacture the compact class is not currently available at the Chakan facility near Pune. 

"Last year we sold 5,800 cars. This year we expect to cros 7,000 units. During January-June (2011) we sold 3,800 units," he was further quoted as saying. 

Reports stated that the company has invested Rs. 400 crore to ramp up the paint shop at their Chakan plant, which has a capacity of 20,000 units.

[Source:indiainfoline.com]

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