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Mercedes-Benz forays into luxury MPV with V-Class: Check prices, features
Posted on 24th January 2019
German auto major Mercedes-Benz Thursday made a foray into the luxury multi-purpose vehicles segment in India with the launch of its V-Class at a starting price of Rs 68.40 lakh.

The V-Class will be available in both six-seater long-wheelbase (Exclusive) and seven-seater extra-long-wheelbase (Expression) variants, Mercedes-Benz India said in a statement.

While the V-Class Expression starts at Rs 68.40 lakh, the V-Class Exclusive starts at Rs 81.90 lakh (all prices ex-showroom India), it added.

Continuing Mercedes-Benz's BS-VI transition efforts, the V-Class will be available in a 2-litre BS VI-compliant diesel engine, the company said.

"The launch of the V-Class in India firmly underscores our pioneering spirit as we introduce the 'Luxury Multi-Purpose Vehicle' segment for our discerning Indian customers," Mercedes-Benz India Managing Director and Chief Executive Officer Martin Schwenk said.

The V-Class is targeted at a wide array of potential customers comprising large families, sports enthusiasts and businesses, he added.

Schwenk further said in 2019, Mercedes-Benz completes 25 years in India and this milestone will be marked with "a wide range of product offensive, starting with the V-Class".

"We have some of the most-awaited products planned for the Indian market in 2019 that will keep the customers and enthusiasts fascinated," he said.

In 2018, Mercedes-Benz India posted a 1.4 per cent increase in its sales with a record 15,538 units, retaining its leadership position in the luxury segment for the fourth year in a row.

Related Companies: Mercedes Benz India Limited   

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In a regulatory filing, the company said it became aware of potentially abnormal activity within its network about 10 days back in respect of few of its employee accounts, who were “subjected to an advanced phishing campaign”.


China ready for Wuhan-style summit meet with India despite differences over BRI: Foreign Minister
Posted on 20th April 2019
China said on Friday it was ready to hold a Wuhan-style summit meeting with India this year to improve ties, notwithstanding the differences over the trillion-dollar Belt and Road Initiative in which the China-Pakistan Economic Corridor (CPEC) is a flagship project.

Addressing a media conference here ahead of the Belt and Road Forum (BRF) being held from April 25-27 to showcase China’s trillion-dollar Belt and Road Initiative (BRI), Chinese Foreign Minister Wang Yi appealed to India to shed its opposition to the USD 60 billion CPEC, saying it no way “undermined” the basic position on the Kashmir dispute.


Lohani may meet SBI chief over leasing of wide-body Jet planes
Posted on 20th April 2019
Air India chairman Ashwani Lohani is likely to meet State Bank chairman Rajnish Kumar Friday over the national carrier’s plans to lease five wide-body Boeing planes from the now grounded Jet Airways.

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LIC grows 6 per cent, private insurers see 22 per cent rise
Posted on 20th April 2019
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Jio asset transfer lightens RIL books
Posted on 20th April 2019
After selling its East-West gas pipeline to an infrastructure investment trust (InvIT) sponsored by Brookfield, Reliance Industries Ltd has used this instrument to shed the liabilities of telecom arm Reliance Jio by around Rs 1,07,000 crore.

InvITs are like mutual funds that pool in money from various entities to invest in infrastructure assets.


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