Mercedes to ramp up capacity to 100%

Mercedes-Benz is ramping up capacity at its India plant to reach 100% by the end of this month, as the top luxury-car company in the country expects the market to bounce back strongly as it did after the first wave of the pandemic last year. The local unit of the German automaker is targeting “significant double-digit” growth in 2021. The company also plans to hire factory workers and assembly-line operators at its plant at Chakan near Pune, Mercedes-Benz India MD Martin Schwenk said.“We are growing week by week. Within two weeks of unlocking, we are already witnessing 80% of activity back and within the next few weeks, once South India opens up, we should witness a healthy momentum to continue," Schwenk told ET.For the first six months of 2021, Mercedes-Benz is on course to post more than 50% growth, albeit on a low base as sales had fallen over 40% last year. Promising response from the market as states started unlocking businesses after the second Covid-19 wave in April-May gives it the confidence that the momentum would continue in the coming months as well. Showroom traffic has hit more than 60% of the levels before the second wave, while bookings are as much as 80% over the March sales, the MD said.

from Economic Times https://bit.ly/3q2U239
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