Mercedes-Benz to invest ₹3,000 crore in Maharashtra, minister Uday Samant says

The company said, “Mercedes-Benz is committed to its current investment plans in India which were announced in January."

Published on: Jun 14, 2024, 07:50:58 IST

By HT News Desk

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German carmaker Mercedes-Benz confirmed its investment plan for India of $24 million in 2024, adding that expanding that sum would depend on market conditions. The company said, “Mercedes-Benz is committed to its current investment plans in India which were announced in January, and which foresee an investment of about $24 million this year. Any further investments will depend on market demand.”

The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer. (Reuters)

Mercedes-Benz in January announced it will invest $24 million in India this year.

Maharashtra Industries Minister Uday Samant said in a post on X that while on a tour of Germany, he met top executives of Mercedes Benz and discussed investment opportunities in the state. "

He said, "Mercedes Benz will invest ₹3,000 crore in Maharashtra this year. This will help create employment opportunities in the state," he said.

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