: German luxury car-maker Mercedes-Benz India was taking a careful approach on the launch of electric vehicles in the country as the EV industry was still in its nascent stage, a top official of the company said on Thursday.
"I think with electric vehicles, we will see some development. We are seeing some market announcements. Already, we have seen slow entries (in launch of electric vehicles)," Mercedes-Benz India Managing Director and CEO Martin Schwenk said here.
Elaborating on the automobile-maker's plan to foray into the electric vehicle business, he said, "From infrastructure perspective, some works need to be done. From customer demand perspective, it is not really hot."
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