Mercedes-Benz rolls out Made in India BEV EQS 580 at ₹1.41 crore
The Hindu
Mercedes-Benz India launches second 'Made in India' EQS SUV 580 4matic at ₹1.41 crore, strengthening BEV line-up.
Mercedes-Benz India announced the roll out of its second ‘Made in India’ battery electric vehicle EQS SUV 580 4matic at an introductory price of ₹1.41 crore (ex-showroom all India).
“Out of the 12 launches announced for 2024, this is the 11th launch. This is the third BEV to be launched in the last three months,” MD & CEO Santosh Iyer said during an interaction.
According to him, Mercedes-Benz is the only luxury brand to locally manufacture two BEVs in India after the EQS 580 luxury sedan. Besides, India is the first market outside of the U.S. to start local production of the EQS SUV 580 in Chakkan.
With the introduction of the EQS SUV, Mercedes-Benz has further strengthened its comprehensive line-up of BEVs across segments, catering to diverse customer requirements ranging from EQA to Mercedes-Maybach EQS SUV.
The new SUV is targeted at those in the age group of 32-45 years and at second generation entrepreneurs, tech savvy and individual customers.
“We are deeply committed to the Indian market. We made an additional investment of ₹200 crore in 2024 towards manufacturing operations, new product start-ups and digitisation of manufacturing processes. With this, our total investment stands at ₹3,000 crore,” Mr. Iyer said.
Talking about the product, he said with its 400 kw power output, the vehicle can sprint from 0-100 kmph in 4.7 seconds and offers a range of 809 km as certified by ARAI. It has the largest battery capacity of 122 kWh for a passenger vehicle in India.
Billionaires are using their resources to expand into AI, news, and social media, with “extreme” wealth accumulation taking place in the tech sector, according to Oxfam International
Indian markets surge 1% as easing global trade tensions boost PSU banks and auto stocks, enhancing investor sentiment.
Rupee rebounds 15 paise to 91.50 against the dollar as investor sentiment improves following Trump's tariff announcement.
World Economic Forum 2026 The Hindu LIVE updates: global leaders to discuss on ai, tech and energy
3.7% year-on-year uptick in sales to 13.34 MMT
SBI Mutual Fund commits to at least 10% of Adani Power's $820 million rupee bond issue as anchor investor.
L&T Vyoma launches a 40 MW green, AI-ready data centre in Navi Mumbai to support high-density computing and sustainable growth.
Indian rupee depreciated to a fresh low of ₹91.7 a dollar on continued capital outflow and rising risk of U.S. acquisition of Greenland, on January 21.
In a major board-level reshuffle, Deepinder Goyal has been appointed as the vice chairman & director on the board of Eternal Ltd. (Formerly Zomato Ltd.) effective upon shareholders’ approval.
Mines Secretary Piyush Goyal announces plans to boost mineral exploration, focusing on strategic and critical minerals over the next five years.
Union Minister Vaishnaw and economist Gita Gopinath confirm India's path to becoming the third-largest economy by 2028.
Government seeks public input on draft electricity policy to enhance India's power sector's financial viability and infrastructure by 2047.
Union Cabinet approves Rs 5,000 crore for SIDBI to boost MSME credit, enhancing support for small businesses and job creation.