Ahmedabad: Expecting India to be amongst the top ten global markets for it by 2020, German luxury carmaker Mercedes Benz on Tuesday said it would be doubling its production capacity at the Chakan manufacturing facility near Pune at an investment of Rs 250 crore.
     
"We will be doubling our production capacity from the current 10,000 units to 20,000 units, making us ready for the future demand," Mercedes-Benz India Managing Director and CEO, Eberhard Kern said.
     
An additional investment of Rs 250 crore will be made for the expansion of our manufacturing facility in Pune taking the total investment in our manufacturing facility to Rs 850 crore, he said.
     
He was here to launch the new E-Class model, as part of the company's aggressive business strategy for India. "The company sold 3,765 units between January to June 2013, which is over 16 percent year-on-year growth for us," he said adding the company did exceedingly well in the second quarter of 2013 selling 1,756 units, up 32.30 percent over the corresponding period in 2012.
     
"We are confident of maintaining this growth for the rest of the year (2013)," he said. Speaking on the impact of a falling rupee, he said "the company has not been affected much as we have a long term hedging strategy. We are closely monitoring the developments. If it persists, we might have to look at our pricing,".
     
The company has sold around 23,000 units of E-Class, a luxury sedan in India, touted to be highest in the segment. The E-250 CDI Avantgarde (Diesel) comes at an introductory price of Rs 45.46 lakh (ex-showroom Ahmedabad), a company statement said.
     
The E-200 CGI (Petrol) is available at an introductory price of Rs 42.42 lakh (ex-showroom Ahmedabad). A limited edition launch of E-250 CDI (Diesel) is also available at Rs 51.0 lakh (ex-showroom Ahmedabad), it stated.

(Agencies)

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