Mercedes Benz to increase its R&D expenditure in India
One of the largest luxury car manufacturer Mercedes Benz is planning to increase its expenditure on R&D in India by almost four times what it is currently spending. Company will invest Rs 150 crore in Indian market to expending its distribution network.
Ritesh
Published On Mar 09, 2009 17:09 IST
Published OnMar 09, 2009 17:09 IST
Last Updated OnMar 09, 2009 17:09 IST
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According to statement given by Wilfried Aulbur the Managing Director of Mercedes Benz in India to reporters, We will have between 500 and 1,000 engineers working for our R&D centre in Bangalore in the next few years. We currently have about 200-220 people working in the centre.
Mercedes Benz spends around 5% revenue of the company on R&D. According to company the Mercedes Benz group will invest Rs 150 crore to improve and expend its distribution network as well as to prepare for launch of a new car in India.
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<p>Having worked as an Auto Journalist for the past 5 years, Ritesh is keenly passionate about digging more on automobiles and things related. His journey as a journalist so far consists of different profiles that helped him groom on various platforms within the automobiles industry. He kept rolling on technical experience during his career as a Road Test Editor, which finally took him to a level where he turned to be an Editor-in-Chief of CarDekho.com, India's no. #1 automotive giant. </p>
<p>Another side of his creative life is easily visible the photography that he carries out in order to serve the CarDekho news readers with the latest and natural pictures of newly launched cars. Additionally, he is the one who foresees all auto news articles that are to be published making it sure that CarDekho readers get the latest and the best automotive news first. "Life is a highway, keep driving", Says Ritesh.</p>Read more
