Mercedes-Benz is also planning to increase its sourcing from India.
"We are looking at increasing manufacturing and R&D sourcing to the European market from India in the years to come," he added.
Aiming to retain its slipping market share, Mercedes said it will increase its investment in India to compete with peers in the segment.
"We are increasing our investment ... to make sure that we have latest technology and the best product," Mercedes-Benz India managing director and CEO Wilfried Aulbur said.
The company is also investing heavily on training its dealers across the country, he added.
Image: Visitors inspect a Benz vintage car from the year 1908 | Photograph: Volker Hartmann/AFP/Getty Images
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