German carmaker Mercedes-Benz plans to take pole position in India’s luxury electric vehicle market, its country head told Reuters, helping cement its title as the top-selling luxury car brand and keeping ahead of rival Tesla.
In India, Mercedes-Benz will launch three new electric cars this year, be the first company to assemble a luxury EV, and will set up a fast-charging network nationwide, Martin Schwenk said in an interview. The company might also manufacture batteries domestically in the future, he said.
“Now, we are really starting our aggressive offensive into the EV market. In the next five years, 25 per cent of our sales (in India) will be electric,” Schwenk said. “Our ambition is to lead the market in the electric side as well.”
