Besides, the company will also start assembling the SUV in two South East Asian countries -- Thailand and Indonesia.
Indian firms raised the money via external commercial borrowings.
Tata Motors-owned British luxury brands Jaguar and Land Rover is planning to expand its dealership network from 15 to 20, targeting tier-II cities like Bangalore, Surat and Aurangabad.
Traditional Indian sports have been played in villages since ages. Though most sports lovers in the country follow cricket, hockey, tennis and even English football on television, disciplines like kabaddi, archery and wrestling are fast catching up. But there are some sports people hardly know anything about. Take a look.
President elect Pranab Mukherjee on Wednesday paid homage to Mahatma Gandhi and other top leaders at their memorials in New Delhi before heading to Parliament to take oath as the 13th President of India.
After becoming the 13th President of India, Pranab Mukherjee will not only have a change in designation and address, but also in his mode of transport. In place of his favourite bulletproof Ambassador, Mukherjee will get a swanky Mercedes Benz limousine to go around.
According to figures released by Society of Indian Automobile Manufacturers, Audi's sales in the first three months of the fiscal have jumped by 52.15 per cent to 1,908 units from 1,254 units in the year-ago period.
The costs of imported vehicles have increased 25-30 per cent because of the depreciation of the rupee. That has made CBUs more expensive to import but companies are putting off price hikes and taking a hit on their margins.
Though GM India delivers best of technology cars but at the same time, it lags in the dealer and service station network, one very important criterion for improving sales and rising popularity charts in India.
Russian Grand Prix winner Lewis Hamilton might cover the distance in a matter of minutes but it has taken more than half a century for Mercedes to add their names to the likes of Ferrari, McLaren and Williams.
Each year, at least 10 million Indians marry and the market is estimated at nearly $35 billion, growing at about 25 per cent annually.
The case under the Arms Act was registered against Vijay Palande after twelve 9 mm bullets were found by a police team on Thursday during the search of his apartment in suburban Andheri where he and his wife Simran Sood were reportedly staying
Big bull's holdings cross Rs 7,200 crore (Rs 72 billion).
Promoted by conglomerate Mahindra & Mahindra, Autoinspekt, a cloud-based vehicle inspection platform, is fast emerging as a critical tool for used car buyers and sellers.
The bus reportedly grazed past a Mercedes Benz while leaving the Radisson Hotel in Sydney.
Even the gorgeous Taapsee Pannu cannot help this film.
Among all the celebrations for Red Bull's second Formula One constructors' championship in South Korea on Sunday, one familiar team face was notably absent.
The new models of mid-range cars are expected to be launched over a period of next two-three years.
Burgeoning demand for spacious people movers in India has led Ashok Leyland, a medium and heavy truck builder, to plan on developing a utility vehicle to take on the likes of Toyota Innova, India's largest selling multi-seater personal vehicle.
Their creations have been seen on leading Hollywood celebrities for some time now, so it's hardly surprising that Falguni and Shane Peacock made quite an impression at their Mercedes-Benz New York Fashion Week debut!
2015 was characterised by some interesting events and trends.
From the new facility, buses would be rolled out from the second quarter of 2015
The Bullet train is a childish desire to join an elite club at the cost of 99.9 per cent of rail passengers, says S Pushpavanam.
Cars with left-hand-drive option would be introduced globally later this year in Europe.
German luxury car maker Mercedes-Benz is preparing to commence leasing vehicles to consumers in the Indian market by the end of this year. No other luxury car maker in the country currently offers vehicles on lease directly to customers.
"There is a huge potential in pre-owned car market in India and its a very lucrative business for us. Therefore, BMW India is planning to set up its pre-owned car selling business in September this year," said Andreas Schaaf, BMW India president commenting on this development.
Maharashtra Chief Minister Vilasrao Deshmukh emphasised on Thursday job creation potential of foreign investors operating their plants in the state saying his government was equally concerned with employment aspect just as the volume of investment.
The increasing preference for Mercedes Benz models by Indian customers may see the company roll out more models in the near future.
An emotional M Karunanidhi on Monday met his daughter and Dravida Munnettra Kazhagam member of Parliament Kanimozhi, arrested in the 2G spectrum case, at the Tihar jail in New Delhi and spent nearly 30 minutes with her. He also met former telecom minister A Raja and Kalaingar TV managing director Sharad Kumar, both arrested for their involvement in the scam.
These queens and princesses had hordes of admirers in their time and it's easy to see why.
"At this point of time, our completely knocked down (CKD) operations are fully fulfilling the new regulations. We are paying 10 per cent duty... There will be no price hike," BMW India President Andreas Schaaf told reporters in New Delhi.
German luxury car maker Mercedes-Benz witnessed the best-ever first quarter this year since it started operations in India 15 years ago.
The sports car 'SL 350' is powered by a 3.5 litre V6 engine while sports utility vehicle 'GL 500' will run on a 5.4 litre V6 engine.
Researchers have found that more mature staffers may be weaker and less agile than their junior colleagues but they more than compensate with their greater experience, ability to work in teams, and success at coping when things go wrong.
Premium car makers which do not produce models locally, but assemble these in India are busy exploring ways to avoid a price rise in the wake of the government's new duty structure.
Lewis Hamilton can win his third Formula One world championship on Sunday but the Mercedes driver will have to wait a while longer before he can be truly hailed as one of the greats, according to Jackie Stewart.
Vijay Singh rose two places to fifth in the world rankings issued on Monday after winning the PGA Tour's season-opening event in Hawaii.
Instead, the company wants to just focus on sales.
The Enforcement Directorate on Wednesday carried out searches at the Pune residence as also the office of Sunil Shinde, the chartered accountant of businessman Hasan Ali Khan, who is facing charges of money laundering and tax evasion.
The Society of Indian Automobile Manufacturers on Wednesday said the new definition for completely knocked down (CKD) units of vehicles introduced in the Budget for 2011-12 will significantly increase the cost for high-end players and also hamper the introduction of new products.
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