 "Mercedes-Benz India MD Santosh Iyer")
China restricting imports of rare-earth magnets (REM) will not affect Mercedes-Benz India’s production or launch plans this year, said a senior executive of the automaker on Friday.
The company is “comfortably placed” this year in sourcing REM, Santosh Iyer, managing director of Mercedes-Benz India, told ‘Business Standard’ at the sidelines of the launch of the company’s performance cars AMG – GT 63 and GT 63 Pro in Mumbai.
The company does not plan production cuts or delay timelines for launches as a result of the REM crisis, he said. Its German parent is handling sourcing.
Deliveries of GT 63 (priced
