Built on the philosophy of “Make in India, Make for the World”, the B-segment sports utility vehicle is being produced at the Chennai-based Renault Nissan Automotive facility.
As per SIAM data, overall vehicle production in May declined by 57 per cent to 8,06,755 units as compared with 18,75,698 units in April this year.
The company said it has invested about Rs 650 crore on the development of the new model.
It is the eighth launch out of the 15 new product introductions that Mercedes-Benz India has lined up for 2021.
Previously, Musk had discussed Tesla using the same tri-motor powertrain found in the new Model S for the new Roadster.
In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.
Two-wheeler sales also witnessed a decline of 53 per cent at 4,10,757 units last month, as compared to 8,65,134 units in April.
This increase in prices is effective June 18 for India and July 1 for the Middle East region and is applicable to all Michelin group brands.
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Mercedes-Benz India Managing Director and CEO Martin Schwenk said, "Luxury motoring with an SUV in India is re-imagined with the introduction of the Mercedes-Maybach GLS 600 4MATIC."
Customers can use a brand new car by paying a fixed monthly fee based on a pre-selected tenure.
For the entire 2020-21 fiscal, the company reported a consolidated net profit of Rs 1,277 crore as compared with Rs 1,423 crore in 2019-20.
The KUSHAQ is specially adapted by Skoda for the Indian market, the company said in a statement.
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