Mercedes Benz India to pump Rs. 300 crore in the next few years

Even though global automakers like Mercedes-Benz, etc are bearish about the American and other developed markets, their sentiments are understood to be quite bullish towards emerging markets like India. The company has reaffirmed its expansion plans and has said that the economy is expected to bounce-back over the medium-term and the growth prospects are immense from this country. Furthermore, company will go ahead with its product launch plans which include its latest E-class series and a host of other models along with variants of its existing models. Furthermore, the Indian arm of the German luxury car maker will invest about Rs. 150 crore in its new facility at Pune in Maharashtra
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