Hit hard by the Supreme Court ban on registration of vehicles above 2,000 cc, German luxury carmaker Mercedes-Benz on Wednesday said that it will impact its future investments in India and will lead t
Hit hard by the Supreme Court ban on registration of vehicles above 2,000 cc, German luxury carmaker Mercedes-Benz on Wednesday said that it will impact its future investments in India and will lead to job losses.
With all of its models sold in India affected by the ban till March 31 next year, the company said the “decision is going to adversely affect the auto industry as a whole and will certainly encourage the creation of an unequal ground”.
“This ban on diesel engines also creates an environment of uncertainty and will severely impact our expansion plans and future investments put in place for the Indian market,” Mercedes-Benz India said in a statement.
The company added that there will be job losses at its dealerships, component supply partners and at its own manufacturing unit at Chakan in Maharashtra. “We also have to consider the loss of jobs that this will result at the dealerships, at the vendors producing diesel engines and negatively impacting our own workforce,” it said.
According to industry sources, Mercedes Benz India employs around 1,500-2,000 people at its dealerships in Delhi/NCR region.
