History
Daimler entered the Indian market and set up Mercedes-Benz India Ltd in 1994. The company was later renamed DaimlerChrysler India Private Ltd after the merger of parent company Daimler with Chrysler. After DaimlerChrysler sold off most of its equity interests in Chrysler in 2007, it changed its name to Daimler AG. As a result, DaimlerChrysler India was renamed Mercedes-Benz India once again.
Mercedes-Benz India is a 100%-owned subsidiary of Daimler AG. The company is based in Pune, Maharashtra. Mercedes-Benz reached the top 100 most trusted brands of India published by The Brand Trust Report and also won the Best Brand Award by Auto India Best Brand Awards 2011.
Mercedes-Benz launched its third generation M-Class sports utility vehicle (SUV) on 15 May 2012, in New Delhi.
Read more about this topic: Mercedes-Benz India
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