Craze for Mercedes-Benz EVs will increase in India, business will grow by 25% in 3 years

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Luxury carmakers betting big on growing electric vehicle (EV) market in India Mercedes-Benz The company expects its EV business to account for 25 per cent of total sales in the next three years. It is now between three to four percent and is increasing rapidly.

Mercedes-Benz will make three to four EVs in a year and a half

The company launched its petrol/diesel based GLC on Thursday in Hyderabad. Santosh Iyer, Managing Director and Chief Executive Officer (CEO) of Mercedes-Benz (India), said that the company is planning to introduce three to four electric vehicles in the coming one to one and a half years.

EVs to account for 25 percent of Mercedes-Benz sales

Iyer told ‘PTI-Bhasha’, “For India also we feel that whenever new cars are introduced, people will like them.” We are looking at bringing three to four new electric vehicles in the coming 12 to 18 months. “He said,” That’s why we should slowly but surely increase the penetration. In the next three years, we feel that 25 percent of our sales in India will be of electronic vehicles only.

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