Mercedes-Benz India today said it would launch buses, manufactured from its Chakan facility at Pune by the second half of 2011.
"We are going to foray into city buses, which will be launched by the second half of 2011," managing director of Mercedes-Benz India Wilfried Aulbur today said.
Launching the multi-axle luxury passenger coaches here today, Aulbur said that the company would manufacture 500 city buses per annum as well as 500 to 600 coaches from the Chakan facility.
The company was conducting trials of city buses in Bangalore, he said.
He said that so far, Mercedes had sold 64 two-axle and multi-axle coaches till August 2010.
Aulbur said that both the city bus and passenger coach segments would witness a growth of 20 per cent each year.
In the luxury coach segment, the company has a market share of 22 per cent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app