Mercedes-Benz will reportedly launch three new electric vehicle (EV) models in the country this year as the company aims to capture the luxury EV market. According to a report, the company also plans to a nationwide of fast-charging stations for electric vehicles and hopes to be the first to assemble luxury electric vehicles in India. The company is poised to take advantage of rival Tesla, whose CEO Elon Musk is currently at odds with the government over high import taxes on its vehicles.

According to Reuters, the Stuttgart-based automaker aims to increase its electric vehicle sales in India to 25 percent. Mercedes-Benz is reportedly planning to launch three new electric car models in the country this year, starting with an electric version of the new EQS 53 and the S-Class EQS sedan. While the former will be imported, the latter will be assembled in the country, according to the report, which the form will also import transport vehicles.

Mercedes-Benz will also set up 140 fast-charging stations across the country, which are said to be able to charge batteries by up to 80 percent in 40 minutes, company chief Martin Schwenk told Reuters, adding if sold, the company Will consider local production of electric vehicle batteries in the country to increase to “thousands”.

The Mercedes-Benz EQS 53 is the most expensive electric car in India, priced at Rs. According to the report, 2.45 crore, it will provide a range of 580 km per charge. However, the company’s locally assembled EVs can be launched at lower prices thanks to a 5% tax on EVs made in the country.

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Tesla has halted plans to launch electric vehicles in the country due to a standoff between Chief Executive Elon Musk and the government over a 100 percent tax on imported electric vehicles. Report.

By Rebecca French

Rebecca French writes books about Technology and smartwatches. Her books have received starred reviews in Technology Shout, Publishers Weekly, Library Journal, and Booklist. She is a New York Times and a USA Today Bestseller...