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Taking careful approach towards EVs in India: Mercedes-Benz Chennai, Nov7(PTI): German luxury car

Taking careful approach towards EVs in India: Mercedes-Benz Chennai, Nov7(PTI): German luxury car-maker Mercedes-BenzIndia was taking a careful approach on the launch of electricvehicles in the country as the EV industry was still in itsnascent stage, a top official of the company said on Thursday.

'I think with electric vehicles, we will see somedevelopment. We are seeing some market announcements. Already,we have seen slow entries (in launch of electric vehicles),'Mercedes-Benz India Managing Director and CEO Martin Schwenksaid here.

Elaborating on the automobile-maker's plan to forayinto the electric vehicle business, he said, 'Frominfrastructure perspective, some works need to be done. Fromcustomer demand perspective, it is not really hot.' Schwenk said, 'For our company at the global-level, wehave quite a few cars lined up and by 2022 we will have 10pure electric vehicles on the global scale'.

The company would also look at plug-in hybridsspecifically for countries like India, he said.

'Electric vehicle (in India) is in nascent status and Ithink a lot of learning will have to happen across the entirecountry. I mean from government, customers, OEMs(perspective). So, we are taking a careful approach into thatbut we will make some move in the future', he said.

He said electric vehicle would have its space andMercedes-Benz has not announced nor introduced anything forthe Indian market.

'Based on global portfolio and seeing how the marketdevelops, we will make a call on how to implement. We do notfeel we should rush in because we need to have rightmomentum to really get it on the road,' he said.

Schwenk and top company officials were here for the launchof luxury multi-purpose vehicle V-Class Elite priced at Rs1.10 crore (ex-showroom India).PTI VIJNVG NVG