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SPMEPCI scheme to attract new global EV players to India: Mercedes-Benz India
SPMEPCI scheme to attract new global EV players to India: Mercedes-Benz India

Time of India

time2 days ago

  • Automotive
  • Time of India

SPMEPCI scheme to attract new global EV players to India: Mercedes-Benz India

The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) will serve as a major catalyst for new foreign automakers to enter the Indian EV market, said Santosh Iyer, CEO and Managing Director of Mercedes-Benz India , on Friday. Speaking to PTI after unveiling two high-performance sportscars — the AMG GT 63 4MATIC+ and the AMG GT 63 PRO 4MATIC+ Coupe — Iyer welcomed the scheme, calling it a 'forward-looking initiative' by the Ministry of Heavy Industries . The two cars are priced at ₹3 crore and ₹3.65 crore (ex-showroom, India), respectively. 'The scheme is primarily designed for new entrants. We've been in India for three decades and have already invested ₹3,000 crore in our Chakan plant near Pune. We're producing two EVs locally even before the scheme was announced,' Iyer told PTI. 'For us, it's business as usual, but SPMEPCI will encourage new players to enter and invest in India's EV journey.' Under the SPMEPCI scheme , automakers committing ₹4,150 crore in local manufacturing will be allowed to import up to 8,000 electric vehicles at a concessional 15% import duty, significantly lower than the existing 70–100per cent. Supply chain challenges Addressing concerns around supply chain challenges and rare earth magnets, Iyer reassured that Mercedes-Benz has faced no disruptions in India so far, crediting its global backend teams for effective management. On the launch of the new AMG models, Iyer said these performance-oriented vehicles reaffirm the brand's commitment to Indian enthusiasts. 'The AMG GT range is a symbol of engineering precision, raw performance, and emotional connect. Indian customers have shown immense appreciation for AMG's high-performance legacy,' he added.

Mercedes-Benz unveils AMG GT 63 and GT 63 PRO in India: Prices start at Rs 3 crore
Mercedes-Benz unveils AMG GT 63 and GT 63 PRO in India: Prices start at Rs 3 crore

Time of India

time3 days ago

  • Automotive
  • Time of India

Mercedes-Benz unveils AMG GT 63 and GT 63 PRO in India: Prices start at Rs 3 crore

Mercedes-Benz India on Friday has launched two exciting new luxury sports cars in India, the AMG GT 63 4MATIC+ and the even faster GT 63 PRO 4MATIC+. These powerful cars come with racing technology, hand-built engines , and top-class performance, starting at a price of Rs 3 crore. 'These cars are built for people who love speed, style, and top-end performance,' said Santosh Iyer, MD & CEO of Mercedes-Benz India. 'They're a perfect mix of German engineering and racing spirit.' GT 63 4MATIC+ Goes from 0 to 100 km/h in just 3.2 seconds Top speed: 315 km/h Comes with a powerful V8 engine, made by hand New 'Drift Mode' sends all the power to the rear wheels Features inspired by Formula 1, like active aerodynamics that help it stick to the road better at high speed Price: Rs 3 crore (ex-showroom) GT 63 PRO 4MATIC+ Even faster: 0 to 100 km/h in 3.1 seconds Top speed: 317 km/h More power (612 hp) and better cooling for high-speed performance Comes with carbon fibre parts, track tyres, and high-performance brakes Painted in special colours like Green Hell Magno Price: Rs 3.65 crore (ex-showroom) Built by hand, driven by passion Each engine in these cars is handcrafted by one technician at Mercedes-AMG's facility in Germany. This "One Man, One Engine" approach ensures quality, precision, and a personal touch. Tech-savvy and comfortable It comes with the latest touchscreen and voice-control tech. Its special "Track Pace" mode shows driving data for track days. Live Events It also offers Apple CarPlay, Android Auto, and ambient lighting. The rear seats are also more spacious. Track days coming soon Mercedes-Benz plans to offer special track-day experiences in India where owners can test these cars on racing circuits under expert guidance.

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