Mercedes to invest Rs 1,000 cr on luxury car production in Maharashtra

Mumbai: Mercedes Benz will invest Rs 1,000 crore on production of luxury cars in Maharashtra.

The announcement was made in a meeting between state Chief Minister Devendra Fadnavis, MD & CEO of Mercedes Benz India Eberhard Kern, and future MD and CEO of the company, Roland Folger, on Monday evening, an official said on Tuesday.

Fadnavis also assured complete support of the government to the project.

Mercedes Benz has also appreciated government's Jalyukt Shivar Scheme and has expressed desire to contribute towards it, he said.

Earlier this month, Mercedes-Benz India had announced it has decided to produce the Mercedes-Maybach S500 from its Chakan plant in Maharashtra.

The Mercedes-Maybach S500 will be the most luxurious Mercedes Benz ever to be locally produced for the Indian market. India will be the second country after Germany where the Mercedes-Maybach S500 will be manufactured.