Mercedes-Benz says it may start building cars in India for export if a new free trade agreement goes through between India and the EU.
"We are aiming in the next 8-10 years, to fully electrify the portfolio and be an electric manufacturer here. The intention is to build the capability now and depending on how demand develops ... increase the numbers," he said, adding the current strategy was not to export.
To produce a model in one location would require an annual volume of 150,000 to 200,000 cars, Schwenk said. Although Mercedes is India's largest luxury carmaker, it sold just 11,242 cars in 2021. At its peak in 2018, it sold 15,500. India is largely a small- and low-cost car market, in which luxury models make up 1% of total annual sales of about three million cars. The luxury EV market is even smaller and largely untested, with most models currently imported at high tariffs.
The EQS has a certified range of 857 kilometres on a single charge and will be priced at 15.5 million rupees .
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