DaimlerChrysler to set-up a plant in Maharashtra
DaimlerChrysler India has recently signed an agreement with the Maharashtra government to open a new facility in Chakan, Pune. Out of the 100 acres of land that the company is going to acquire, one-third of the area will be dedicated to the first-phase production plant. This plant, which will start functioning from January 2009, will have the capability to produce over 4,500 units annually.
The Mercedes-Benz E-Class, C-Class, and S-Class models will be assembled at this unit helping to drastically cut down manufacturing/production costs and also decreasing vehicle market prices. Although, the company remains tight-lipped regarding the amount involved in the deal, it is estimated that the company has invested approximately 250 Crores, to set the deal right.
There are also strong chances of DaimlerChrysler India introducing hordes of other models to the Indian market in 2008 and 2009.
The Mercedes-Benz E-Class, C-Class, and S-Class models will be assembled at this unit helping to drastically cut down manufacturing/production costs and also decreasing vehicle market prices. Although, the company remains tight-lipped regarding the amount involved in the deal, it is estimated that the company has invested approximately 250 Crores, to set the deal right.
There are also strong chances of DaimlerChrysler India introducing hordes of other models to the Indian market in 2008 and 2009.
Labels: car manufacturers, cars, Indian car market, Mercedes-Benz
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