Mercedes-Benz is planning its own distinct line of electric vehicles, challenging BMW and Tesla Motors in a bet that alternative-fuel cars have the potential to become profitable.Mercedes will add two electric sport utility vehicles and two sedans, according to two people familiar with the plan, who asked not to be named because the details haven't been disclosed. Mercedes will create a new sub-brand for the cars, though a name hasn't been chosen yet, one of the people said. Chief Executive Officer Dieter Zetsche said in June that the company planned to unveil an electric car at the Paris motor show in September.Tesla's success with the Model S sedan increased the pressure on other luxury-car makers, even as the US company struggles with missed financial goals and delays in new models. Germany's luxury-market leaders need to show they too can make electric innovations that capture the imagination of buyers, and they're facing emissions regulations that require low-pollution vehicles. Y
The site currently employs more than 4,000 workers and produced more than 180,000 cars in 2015
The company sold 6,597 units in January to June period, as against 6,659 units in the year-ago period
Able to drive about 500 km before recharging, the car is part of Daimler AG's 7 bn euro ($7.9 bn) spending effort on green technology through next year
Interview with MD & CEO, Mercedes-Benz India
The model will be assembled at the company's Chakan (Pune) based manufacturing facility
It's priced at Rs 1,28 cr; the S400 will be locally manufactured at the company's production facility at Chakan in Pune