Mercedes Increases Investment In India To Facilitate Its Local Manufacturing

To increase its footprint in the Indian market, automaker Mercedes Benz has invested about Rs 400 crore in production line to facilitate domestic manufacturing of the company's cars. The investment has come in recent months only, with which the company's total investment in India stands at Rs 2,600 crore. Besides, to get the cost advantage over imported cars, the automaker has decided to manufacture AMG models in the country itself.