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DaimlerChrysler to invest Rs 250 cr to build new plant in Pune

DaimlerChrysler India Pvt Ltd, the maker of famous luxury car Mercedes is investing Rs 250 crore to setting up new manufacturing plant in Pune.

Apnaloan.com Research Bureau

09 Sep 2007

Daimler Chrysler India Pvt Ltd, the maker of famous luxury car Mercedes is investing Rs 250 crore to set up new manufacturing plant in Pune.
Media quoted Wilfried Aulbur, managing director and CEO of DaimlerChrysler India Pvt Ltd saying, "We have acquired 100 acres of land for the new plant which will be commissioned by 2009," on the sidelines of a car launch in Kolkata. The plant will have a production capacity of 5,000 passenger cars annually, above current capacity of 4,000 units at a rented plant in Pune, Aulbur added.

Daimler Chrysler sold 1,681 units in India from January to August, growth of over 22 per cent from a year ago. The company, that sells mostly Mercedes-Benz cars, has a 0.3 per cent share of India's passenger car market