Mercedes-Benz India targets double-digit growth this year
The Dollar Business Bureau German car manufacturer in India, Mercedes-Benz is targeting double-digit sales growth this year and wishes to retain its top place in the luxury car segment. “Our outlook in 2017 is to maintain double-digit growth in 2017. In the months of January and February, the sales figures were higher than that of the previous year," said Michael Jopp, Vice President (sales and marketing), Mercedes-Benz India. Unveiling its E-Class modified model in Kolkata on Wednesday, Jopp said the company’s 2016 sales in India had been due to the ban on diesel in Delhi. Other factors, such as the government’s demonetisation announcement also had a negative impact on its domestic sales. Despite these challenges, Mercedes-Benz India was able to sell 13,231 units last ...
Mahindra to invest Rs.700 cr to boost truck manufacturing
The Dollar Business Bureau Mahindra Truck and Bus Division, a part of $16.9-billion Mahindra Group that manufactures all variants of trucks, on Wednesday said that it will invest Rs.700 crore to bolster its commercial vehicle segment. Emphasising on the company’s visions, Rajan Wadhera, President and Chief Executive - Truck & Power Train - M&M Ltd, said, “The CV (commercial vehicle) industry has seen an upturn over the last few quarters which is a good sign. At Mahindra we have been steadily growing and are fully committed to our commercial vehicles business and taking aggressive steps to become a complete CV range player. “With planned investments and enhancement of our product portfolio, we look forward to ride the growth trajectory,” he added. ...
