Mercedes Benz launched luxury sedan S400 in India on Tuesday at an ex-showroom (Delhi) price of Rs 1.31 crore.
Speaking to CNBC-TV18 on the sidelines of the launch ceremony, Roland Folger, CEO, Mercedes Benz India, says the company has been strongly supporting the ‘Make in India’ philosophy.
It has launched eight vehicles from India under the Make in India programme and will add one more soon, he adds.
Talking about India expansion plans, Folger says the market here has the potential to grow stronger than what it is now.
While the recent developments in country’s taxation system have not given a boost to the market, Folger says he still continues to be positive on India.