NEW DELHI: As Tesla prepares to enter India, Mercedes-Benz — one in every of its international rivals and India’s high luxurious vendor — has mentioned the marketplace for electrics will develop with new gamers, including that its EV charging stations will likely be open to cars of the American big.
“Our EV charging bays will be open for Tesla cars, just like they are for an EV of any other brand,” Santosh Iyer, MD & CEO of Mercedes in India advised TOI as he spoke in regards to the entry of latest manufacturers in the nation.The firm sells electrics throughout its dealerships, and has a complete of 116 charging stations unfold throughout 36 places.
Mercedes, which introduced its highest numbers in 1 / 4 in the Jan-Mar’24 interval at 5,142 models (15% progress), will likely be beefing up its inexperienced line-up by driving in three greens this yr, getting aggressive at a time when Tesla begins imports into India.
Iyer mentioned the corporate has no causes to be threatened by Tesla, contemplating that the value factors that the Elon Musk-run firm is reportedly concentrating on are a lot decrease to their automotive costs. Also, he mentioned that any new participant will find yourself increasing the electrical market, moderately than competing with different manufacturers. “New entrants will only expand volumes in different segments and grow the market.”
EVs had a 6% share (350 cars) in the Q1 gross sales of Mercedes India, and Iyer mentioned that is anticipated to go as much as as a lot as 25% “and even more” by the yr 2030. “Our EV portfolio clocked a robust 130% y-o-y growth in Q1 with a strong response to the EQE SUV, in addition to the EQB SUV and the top-end EQS luxury sedan. We plan to launch three new electrics and double our green portfolio by the close of this year.”
Asked whether or not the corporate will apply for advantages underneath the brand new EV coverage that guarantees decrease import obligation to firms that commit $500 million investments in greens, he mentioned it is going to wait to get extra particulars on the proposal.
Mercedes, which has a manufacturing unit exterior Pune, has at the moment invested Rs 3,000 crore in India and has a peak manufacturing capability of 20,000 cars yearly.
Tesla, then again, is chalking out an aggressive funding plan for India which can see the corporate pump in about $2-3 billion in the nation for a 5-lakh annual capability plant, which may even be used for exports. Musk needs to first import cars, whereas concentrating on to start out manufacturing over the subsequent two years.
Iyer, nonetheless, mentioned that Mercedes will proceed to deal with its petrol-diesel portfolio whilst EVs change into mainstream. “We will have more car lines across ICE and electrics.”
“Our EV charging bays will be open for Tesla cars, just like they are for an EV of any other brand,” Santosh Iyer, MD & CEO of Mercedes in India advised TOI as he spoke in regards to the entry of latest manufacturers in the nation.The firm sells electrics throughout its dealerships, and has a complete of 116 charging stations unfold throughout 36 places.
Mercedes, which introduced its highest numbers in 1 / 4 in the Jan-Mar’24 interval at 5,142 models (15% progress), will likely be beefing up its inexperienced line-up by driving in three greens this yr, getting aggressive at a time when Tesla begins imports into India.
Iyer mentioned the corporate has no causes to be threatened by Tesla, contemplating that the value factors that the Elon Musk-run firm is reportedly concentrating on are a lot decrease to their automotive costs. Also, he mentioned that any new participant will find yourself increasing the electrical market, moderately than competing with different manufacturers. “New entrants will only expand volumes in different segments and grow the market.”
EVs had a 6% share (350 cars) in the Q1 gross sales of Mercedes India, and Iyer mentioned that is anticipated to go as much as as a lot as 25% “and even more” by the yr 2030. “Our EV portfolio clocked a robust 130% y-o-y growth in Q1 with a strong response to the EQE SUV, in addition to the EQB SUV and the top-end EQS luxury sedan. We plan to launch three new electrics and double our green portfolio by the close of this year.”
Asked whether or not the corporate will apply for advantages underneath the brand new EV coverage that guarantees decrease import obligation to firms that commit $500 million investments in greens, he mentioned it is going to wait to get extra particulars on the proposal.
Mercedes, which has a manufacturing unit exterior Pune, has at the moment invested Rs 3,000 crore in India and has a peak manufacturing capability of 20,000 cars yearly.
Tesla, then again, is chalking out an aggressive funding plan for India which can see the corporate pump in about $2-3 billion in the nation for a 5-lakh annual capability plant, which may even be used for exports. Musk needs to first import cars, whereas concentrating on to start out manufacturing over the subsequent two years.
Iyer, nonetheless, mentioned that Mercedes will proceed to deal with its petrol-diesel portfolio whilst EVs change into mainstream. “We will have more car lines across ICE and electrics.”
