DaimlerChrysler Is Building Second Plant In India

May 9, 2007

Production will begin in 2009.

DaimlerChrysler started construction of its second plant in India on May 9 to boost its capacity in the booming market.

Production at the plant, with an investment $67 million in western Pune city, is likely to begin in 2009, the company said.

DaimlerChrysler has been active in India since 1994. It builds more than 2,000 of its C, E and S-Class Mercedes cars at its existing plant in Pune, in Maharashtra state, each year. Last year the company sold more than 2,000 vehicles and sales grew by 17% in the first quarter of 2007.

India is one of the fastest-growing car markets, with automobile sales growing more than 14% in the 11 months ended February.

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