Minister Announces Mercedes-Benz's $360 Million Investment in Maharashtra

Mumbai: German carmaker Mercedes-Benz will invest 30 billion rupees ($360 million) in the Indian state of Maharashtra, the state's Industries minister Uday Samant said in a post on X on Thursday.

Uday Samant said he had discussions with the carmaker's representatives while on a tour in Germany.

Mercedes-Benz did not immediately respond to a Reuters request for comment.

The potential investment will be a sizeable jump from the company's January announcement when it said it will invest $24 million in India this year.

Original News : World News | Reuters

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