DaimlerChrysler today began construction of its new plant for Mercedes-Benz vehicles at Chakan in Pune, India.
In January 2007, DaimlerChrysler India had already signed a Memorandum of Understanding with the Government of Maharashtra to build the new plant at a 100-acre plot near an already existing plant. The new manufacturing facility will produce the Mercedes-Benz S-Class, E-Class and C-Class for the Indian market. Start of production is expected in early 2009. Over the next few years, DaimlerChrysler plans to invest around $67 million in connection with the new production facility. The new Chakan plant will initially employ around 350 workers, matching the level of the current facility.
India is one of the fastest-growing car markets, with automobile sales growing more then 14% in the 11 months ended February.
"Our confidence in the Indian market is reflected in our long association with the country. Our engagement with India dates back to 1954 when we started collaboration for trucks in India. Subsequently, we were also the pioneers of the luxury car market in India", said Dr. Joachim Schmidt, Chairman of the Board of DaimlerChrysler India.