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 probably be open to automobiles of the American big.
“Our EV charging bays will probably be open for Tesla automobiles, similar to they’re for an EV of every other model,” Santosh Iyer, MD & CEO of Mercedes in India instructed TOI as he spoke concerning the entry of latest manufacturers within the nation.The corporate sells electrics throughout its dealerships, and has a complete of 116 charging stations unfold throughout 36 areas.
Mercedes, which introduced its highest numbers in 1 / 4 within the Jan-Mar’24 interval at 5,142 items (15% progress), will probably 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 worth factors that the Elon Musk-run firm is reportedly concentrating on are a lot decrease to their automotive costs. Additionally, he mentioned that any new participant will find yourself increasing the electrical market, reasonably than competing with different manufacturers. “New entrants will solely increase volumes in several segments and develop the market.”
EVs had a 6% share (350 automobiles) within the Q1 gross sales of Mercedes India, and Iyer mentioned that is anticipated to go as much as as a lot as 25% “and much more” by the yr 2030. “Our EV portfolio clocked a strong 130% y-o-y progress in Q1 with a powerful response to the EQE SUV, along with the EQB SUV and the top-end EQS luxurious sedan. We plan to launch three new electrics and double our inexperienced portfolio by the shut of this yr.”
Requested whether or not the corporate will apply for advantages underneath the brand new EV coverage that guarantees decrease import obligation to corporations that commit $500 million investments in greens, he mentioned it should wait to get extra particulars on the proposal.
Mercedes, which has a manufacturing facility exterior Pune, has at the moment invested Rs 3,000 crore in India and has a peak manufacturing capability of 20,000 automobiles yearly.
Tesla, alternatively, is chalking out an aggressive funding plan for India which can see the corporate pump in about $2-3 billion within the nation for a 5-lakh annual capability plant, which will even be used for exports. Musk needs to first import automobiles, whereas concentrating on to begin manufacturing over the following two years.
Iyer, nonetheless, mentioned that Mercedes will proceed to concentrate on its petrol-diesel portfolio at the same time as EVs grow to be mainstream. “We could have extra automotive strains throughout ICE and electrics.”
“Our EV charging bays will probably be open for Tesla automobiles, similar to they’re for an EV of every other model,” Santosh Iyer, MD & CEO of Mercedes in India instructed TOI as he spoke concerning the entry of latest manufacturers within the nation.The corporate sells electrics throughout its dealerships, and has a complete of 116 charging stations unfold throughout 36 areas.
Mercedes, which introduced its highest numbers in 1 / 4 within the Jan-Mar’24 interval at 5,142 items (15% progress), will probably 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 worth factors that the Elon Musk-run firm is reportedly concentrating on are a lot decrease to their automotive costs. Additionally, he mentioned that any new participant will find yourself increasing the electrical market, reasonably than competing with different manufacturers. “New entrants will solely increase volumes in several segments and develop the market.”
EVs had a 6% share (350 automobiles) within the Q1 gross sales of Mercedes India, and Iyer mentioned that is anticipated to go as much as as a lot as 25% “and much more” by the yr 2030. “Our EV portfolio clocked a strong 130% y-o-y progress in Q1 with a powerful response to the EQE SUV, along with the EQB SUV and the top-end EQS luxurious sedan. We plan to launch three new electrics and double our inexperienced portfolio by the shut of this yr.”
Requested whether or not the corporate will apply for advantages underneath the brand new EV coverage that guarantees decrease import obligation to corporations that commit $500 million investments in greens, he mentioned it should wait to get extra particulars on the proposal.
Mercedes, which has a manufacturing facility exterior Pune, has at the moment invested Rs 3,000 crore in India and has a peak manufacturing capability of 20,000 automobiles yearly.
Tesla, alternatively, is chalking out an aggressive funding plan for India which can see the corporate pump in about $2-3 billion within the nation for a 5-lakh annual capability plant, which will even be used for exports. Musk needs to first import automobiles, whereas concentrating on to begin manufacturing over the following two years.
Iyer, nonetheless, mentioned that Mercedes will proceed to concentrate on its petrol-diesel portfolio at the same time as EVs grow to be mainstream. “We could have extra automotive strains throughout ICE and electrics.”
