<p>The company, however, has not arrived at any time-frame to translate the idea into a concrete plan, the executive said.<br /><br />"We can develop our own (small) car for India in future," Mercedes Benz India's Chief Financial Officer and Management Board Member, Uwe Jarosch, told reporters here.<br />The car development requires a huge investment and therefore it needs to be backed up by volumes, Jarosch said.<br /><br />"If we are investing Euro 1-billion on development of the car, then definitely (we) want huge volumes to justify it," he said.<br /><br />The company's R&D centre in Bangalore, which supports the company's headquarters in Germany is likely to work on the small car project.<br /><br />Mercedes-Benz also plans to nearly double the headcount at its Bangalore centre from the present 600, by next year, he said.<br /><br />As a part of its business strategy, the German car-maker also plans to set up brand centres with investment from its existing dealers, which would show-case around 20-odd models.<br />The first such centre is expected to be set up in Delhi by March this year, Jarosch said, adding Bangalore, Chennai and Mumbai centres would come up at a later stage.</p>
<p>The company, however, has not arrived at any time-frame to translate the idea into a concrete plan, the executive said.<br /><br />"We can develop our own (small) car for India in future," Mercedes Benz India's Chief Financial Officer and Management Board Member, Uwe Jarosch, told reporters here.<br />The car development requires a huge investment and therefore it needs to be backed up by volumes, Jarosch said.<br /><br />"If we are investing Euro 1-billion on development of the car, then definitely (we) want huge volumes to justify it," he said.<br /><br />The company's R&D centre in Bangalore, which supports the company's headquarters in Germany is likely to work on the small car project.<br /><br />Mercedes-Benz also plans to nearly double the headcount at its Bangalore centre from the present 600, by next year, he said.<br /><br />As a part of its business strategy, the German car-maker also plans to set up brand centres with investment from its existing dealers, which would show-case around 20-odd models.<br />The first such centre is expected to be set up in Delhi by March this year, Jarosch said, adding Bangalore, Chennai and Mumbai centres would come up at a later stage.</p>