Daimler Pegs Future India Production at 5000 Cars

Brendan Moore · 05-18-2007, 06:27 PM

Reprinted from - ONLY REGISTERED AND ACTIVATED USERS CAN SEE ALL LINKS - CLICK HERE TO REGISTER -

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Daimler Pegs Future India Production at 5000 Cars

By Brendan Moore

05.18.2007

Quick, what country has the most billionaires in Asia? Japan is a good guess, because they’ve held the title for twenty years in a row. But it’s not Japan. Well, then, China, you say. The economic growth in China has been tremendous, so it must be China. Another good guess, but nope.

As the people at Daimler know, it’s India, as of 2006. And the people at Daimler also know that billionaires (and millionaires, too) really like to drive around in Mercedes-Benz automobiles. It’s that way everywhere in the world, and Daimler is betting that it’s going to be that way in India as well.

With that in mind, Daimler is building a new plant in Pune, India, that will have production capacity of 5000 luxury cars a year, starting in 2009. Construction cost of the new plant is estimated to be $67 million USD.

Daimler has a production facility in India currently through a joint-venture with Tata that assembles about 2000 vehicles annually, but demand for Mercedes-Benz cars is far outstripping demand in India, so Daimler decided to get more production capacity going as soon as possible. Double-digit growth in auto sales will be probably be the norm for at least the next few years, and everyone, including Daimler, is looking to leverage the market in India.

It is expected that the plant will focus on production of the Mercedes C-Class and the Mercedes E-Class initially.

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ateekt · 06-14-2007, 11:14 AM

No doubt, India is a good market to get/put in & dig out

...!

The Artist · 06-14-2007, 02:15 PM

yep yep.. china and india will become huge markets soon..

05-18-2007, 06:27 PM	#1 (permalink)
Brendan Moore Enthusiast Join Date: Mar 2007 Location: San Francisco, CA Posts: 132 Thanks: 36 Thanked 78 Times in 44 Posts	Daimler Pegs Future India Production at 5000 Cars Reprinted from - ONLY REGISTERED AND ACTIVATED USERS CAN SEE ALL LINKS - CLICK HERE TO REGISTER - ~~~~~~~~~~~~~~~~~~~~~~~ Daimler Pegs Future India Production at 5000 Cars By Brendan Moore 05.18.2007 Quick, what country has the most billionaires in Asia? Japan is a good guess, because they’ve held the title for twenty years in a row. But it’s not Japan. Well, then, China, you say. The economic growth in China has been tremendous, so it must be China. Another good guess, but nope. As the people at Daimler know, it’s India, as of 2006. And the people at Daimler also know that billionaires (and millionaires, too) really like to drive around in Mercedes-Benz automobiles. It’s that way everywhere in the world, and Daimler is betting that it’s going to be that way in India as well. With that in mind, Daimler is building a new plant in Pune, India, that will have production capacity of 5000 luxury cars a year, starting in 2009. Construction cost of the new plant is estimated to be $67 million USD. Daimler has a production facility in India currently through a joint-venture with Tata that assembles about 2000 vehicles annually, but demand for Mercedes-Benz cars is far outstripping demand in India, so Daimler decided to get more production capacity going as soon as possible. Double-digit growth in auto sales will be probably be the norm for at least the next few years, and everyone, including Daimler, is looking to leverage the market in India. It is expected that the plant will focus on production of the Mercedes C-Class and the Mercedes E-Class initially. COPYRIGHT Autosavant.net – All Rights Reserved

06-14-2007, 11:14 AM	#2 (permalink)
ateekt Enthusiast Join Date: Mar 2007 Location: Dominican Republic Posts: 397 Thanks: 70 Thanked 29 Times in 19 Posts	Re: Daimler Pegs Future India Production at 5000 Cars No doubt, India is a good market to get/put in & dig out ...!

06-14-2007, 02:15 PM	#3 (permalink)
The Artist Shaolin Shadow Boxer Join Date: Sep 2005 Location: Sweden Gothenburg Posts: 11,445 My Mood: Thanks: 122 Thanked 724 Times in 455 Posts	Re: Daimler Pegs Future India Production at 5000 Cars yep yep.. china and india will become huge markets soon..

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