INDIA: Mercedes expects further growth in 2010
Mercedes-Benz India expects to post double-digit sales growth in 2010 as it launches new models in Asia's fourth-largest auto market.
The company sold 3,220 cars there last year, versus 3,250 in 2008.
"We will grow at very solid double-digit numbers," local chief executive Wilfried Aulbur said at the Auto Expo in New Delhi: "In 2010, we are ready with a range of products."
Mercedes-Benz India, fully owned by Daimler, has been assembling cars and trucks in India since 1994, initially as a joint venture with the country's largest vehicle maker Tata Motors.
After the joint venture ended in 1997, the German company started assembling C, E and S class cars at a facility that it leased from Tata Motors until the end of 2008. It opened a new factory in Pune, in western Maharashtra state, in February last year.