Mercedes to assemble in India:  German luxury car maker Mercedes Benz on Thursday announced commencement of assembly of the S-Class sedan in India and has slashed the car’s price by `18 lakh to enhance its position in the country.
The locally produced top-end model S 500 will be priced at `1.39 crore (ex-showroom, Delhi) and will be rolled out from the manufacturing facility in Chakan, Pune, Mercedes-Benz India said in a statement, adding that this strategic move will help to cater to the increasing demand.

UK-based construction gear maker JCB will relocate its compaction equipment production unit to India, closing down its Gatersleben site in Germany.
The move is aimed at strengthening the company’s foothold in emerging markets.
“JCB has decided that, by the end of June 2014, production of all VM Compactors and two larger VM Tandem Rollers will relocate to JCB’s factory in Pune, India,” the company said in a statement.
JC Bamford Excavators (JCB) CEO Graeme Macdonald said: “The decision to relocate production of compaction equipment to factories in the UK and India is right for our business. Demand for compaction equipment has shifted tow-ards emerging markets and manufacturing smaller models in the UK and larger equipment in India is in our customers’ best interests, especially in light of our recent investments in new compaction products.”
He added that this will improve the competitiveness of JCB in the compaction sector and also create a far more sustainable position on which the company can build as it grows the business in the future.