Mercedes Benz India: The investment is to enhance capacity, digitise manufacturing processes, and introduce new products and technologies in the country.
“EV penetration in the country is about 1.5%, but if you take the slightly upper end market and luxury market, it would be around 6% to 7%. Now, the FAME benefit which the government has is only applicable for commercial application. So, 90% of the EV sales do not come under the FAME benefit.”
“EV penetration in the country is about 1.5%, but if you take the slightly upper end market and luxury market, it would be around 6% to 7%. Now, the FAME benefit which the government has is only applicable for commercial application. So, 90% of the EV sales do not come under the FAME benefit.”