That it will introduce four new electric models in its line-up by the end of 2020, Mercedes-Benz has announced. These cars will compete with Tesla and Audi’s who newly announced electric range.
The Mercedes group took this move after the German government announced that it will offer sales subsidies on all EVs that are less than (approximately) INR 45 lakh. The first generation of these cars will be limited to about 50,000 units per year, since the development cost is expected to be high.
The cars are expected to be manufactured at Mercedes-Benz’s Bremen, Rastatt and Sindelfingen plants in Germany. The company has announced that it will be investing around INR 4,885 crore at its Hamburg plant in Germany, which will manufacture key components for these cars.
An investment is being also made to expand the company’s battery production facilities in Germany.