- By Divanshi Sharma
- Sat, 19 Aug 2023 06:35 PM (IST)
- Source:JND
Germany-based luxury car manufacturer, Mercedes-Benz, is betting on India's expanding electric vehicle industry and predicts that in the next three years, its present and future EV portfolio would account for 25% of all car sales, up from the current levels of 3 to 4%.
The CEO and Managing Director of Mercedes-Benz India, Santosh Iyer, stated the manufacturer intends to introduce three to four EVs in India within the next 12 to 18 months. In addition, Iyer, as quoted by PTI, said, "We believe that 25% of our sales in India over the next three years will be EVs."
He claimed that since most Mercedes-Benz car owners already have charging stations at their homes or offices and are not likely to rely on public charging stations, switching to electric vehicles would be easier for them. He hoped that some governments who continue to charge EVs a road tax would exempt this market in the future.
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He added that the Pune plant of the German automaker, which is spread across 100 acres, has the capacity to build 20,000 cars yearly, with the possibility of scaling up to 40,000. "Nearly Rs 2,700 crore are being invested in the factory at the moment. We should be achieving these numbers in the following two to three years," he said.