Now Reading
India : Mercedes-Benz gets ahead of rival Tesla

India : Mercedes-Benz gets ahead of rival Tesla

View Gallery

German carmaker Mercedes-Benz is aiming for pole position in the Indian luxury electric vehicle market and intends to stay one step ahead of its competitor, Tesla.

 

This year in India, Mercedes-Benz will launch three new electric cars and set up a fast-charging network across the country. It will also be the first to assemble a luxury electric vehicle in India, which will allow it to offer a competitive price to its competitors due to a lower tax rate of 5% on locally built electric vehicles, compared to 100% on imported models.

 

Rival Tesla, meanwhile, recently suspended plans to enter the Indian market due to high import taxes on electric vehicles.

 

Martin Schwenk, Country Manager of Mercedes-Benz, said in an interview with Reuters: “Now we are really starting our aggressive offensive in the electric vehicle market. (…) In the next five years, 25% of our sales [in India] will be electric.”

See Also


 

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Mercedes-Benz

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Scroll To Top