Mercedes Benz India has invested additional Rs 600 crore to setup a new advanced paint shop at its Chakan plant. The new facility is expected to be ready by October 2012 and will have the capacity to paint 20,000 vehicles annually with an option to expand to 40,000 units, when required.
This amount is in addition to Rs 250 crore that the luxury automaker has already put into the 100-acre greenfield operation, raising their total investment in the country to Rs 850 crore. Speaking on the move Peter T Honegg, managing director and CEO, Mercedes-Benz India said “We are bullish about the Indian market and this is reflected in our long term commitment towards the dynamic Indian market.”
“The investment of Rs 850 crore will help us strengthen our production and operational capabilities with regards to our existing products and our exciting and aggressive product offensive which we are readying for the Indian market,” he added. Seen as move to localise operations, Mercedes Benz will also begin assembling the M-Class in India from next year.
