Mercedes Benz India Limited (MBIL) is facing a supply crunch in electric vehicles that is limiting its expansion in the segment. With a huge demand for EVs worldwide, the Indian subsidiary does not have a clear visibility on the availability of cars.
“We will have four new EVs in the next 12 to 18 months,” said Santosh Iyer, CEO and managing director of MBIL.
“Availability of EVs is a challenge because of high demand. We want to launch cars when we have clear visibility about supply. Right now, the factories in Germany are busy catering to the local demand,” said Iyer.
