DaimlerChrysler's Rs 275 cr Chakan plant in Pune

By Staff
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Google Oneindia News

New Delhi, May 10 (UNI) DaimlerChrysler today began construction of its new plant for Mercedes-Benz vehicles at Chakan in Pune with an investment of Rs 275 crore.

The new manufacturing facility will produce the Mercedes-Benz S-Class, E-Class and C-Class cars for Indian market and commercial production is expected around beginning 2009.

The new Chakan plant will initially employ around 350 workers, matching the level of the current facility and produce 5,000 cars per annum.

''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 DaimlerChrysler (India) Chairman Joachim Schmidt.

The company had signed the Memorandum of Understanding (MoU) with the Government of Maharashtra on January this year and within a short period of four months has commenced work on the new site.

In 2006 DaimlerChrysler India sold 2,121 vehicles, achieving strong growth of 11 per cent.

In the first quarter of 2007 DaimlerChrysler India already recorded further growth of 17 per cent.

''As a company, we have enjoyed steady and profitable growth in India and we are looking forward to continue our success story here in our own premises,'' company's CEO and MD Wilfried Aulbur said.

The foundation stone of the new facility was laid by Maharashtra Chief Minister Vilasrao Deshmukh in presence of Minister of Industries Ashok Chavan, Minister for Water Resources and Water Supplies Ajit Pawar as well as Minister of State for Industries Rana Jagjitsinh Patil.

UNI

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