Luxury car manufacturing gaining momentum in India, Mercedes-Benz to produce EQS SUV
New Delhi| Due to the favorable policies of the Central Government, the manufacturing of luxury vehicles is increasing rapidly in the country. The recently launched EQS SUV by German luxury car company Mercedes-Benz will also be produced in India. After America, India is the second country where this luxury electric SUV will be assembled. This luxury EV is priced at Rs 1.41 crore.
According to reports, the EQS sedan is already being manufactured in India by Mercedes-Benz and around 500 units have been sold so far. An additional Rs 200 crore will be invested by Mercedes-Benz in 2024 for manufacturing operations, new products and digitization in manufacturing in India.
“This reflects our local efficiency”, Santosh Iyer, MD and CEO, Mercedes-Benz India, said on the production of the EQS SUV in India. This will create value for Indian customers and support the government’s vision of ‘Make in India’. In May this year, Tata Group-owned Jaguar Land-Rover (JLR) had announced that it would start assembling its flagship models Range Rover and Range Rover Sports in India for the first time. This will reduce the prices significantly. Currently, Range Rover Velar, Velar, Range Rover Evoque, Jaguar F-Pace and Discovery Sport models are being produced at the company’s Pune plant.