Luxury car maker Mercedes-Benz to invest Rs 3,000 crore in Maharashtra this year

Maharashtra Industries Minister Uday Samant, in a post on X, announced that luxury car maker Mercedes-Benz will invest Rs 3,000 crore in Maharashtra this year, which will help create employment opportunities in the state.

Samant, who was touring Germany, met with top executives of Mercedes-Benz on Thursday to discuss investment opportunities in the state. 

"Had a meeting with representatives of Mercedes-Benz while on a tour in Germany today. Mercedes-Benz is set to invest 3,000 crores in Maharashtra this year. This investment will not only boost the industrial sector but also increase employment opportunities in Maharashtra," Samant wrote on X, sharing photos with the company's executives.

आज जर्मनी दौऱ्यावर असताना मर्सिडिझ बेंझ कंपनीच्या प्रतिनिधीसोबत बैठक झाली. मर्सिडिझ बेंझ ही कंपनी यावर्षी महाराष्ट्रामध्ये 3000 कोटींची गुंतवणूक करणार आहे. यामुळे महाराष्ट्रात उद्योगधंद्यांसह रोजगारात मोठ्या संख्येने वाढ होणार आहे. यासंदर्भात आज चर्चा झाली. यावेळी मर्सिडीज… pic.twitter.com/w6xMBbhj47

— Uday Samant (@samant_uday) June 13, 2024

The German car maker also confirmed its investment plan for India of $24 million in 2024, adding that expanding that sum would depend on market conditions.

"Mercedes-Benz is committed to its current investment plans in India which were announced in January, and which foresee an investment of about $24 million this year," Mercedes-Benz said in a statement.

"Any further investments will depend on market demand." the company earlier said.

Mercedes-Benz in January announced it will invest $24 million in India this year.