DaimlerChrysler to establish their second plant in India

DaimlerChrysler to establish their second plant in India

India has become one of the most lucrative markets to be in for the global automakers. The latest player to confirm their expansion plan in India is none other than DaimlerChrylser.

Germany based automaker DaimlerChrylser is said to be planning to invest about 2.5 billion rupees to build a second auto plant in India.

Media magazine Business Standard has reported that the company is looking at potential locations in western Maharashtra.

The company already has a plant located in the city of Pune that makes about 2,000 cars a month. DaimlerChrylser might choose Pune again for their second plant.

General Motors is another company which is working on expanding their presence in the Indian market. They are working on setting up a new export-oriented manufacturing facility in Maharashtra with an investment of 12.50 billion rupees.