Charged but not ready: It does not make sense to import and sell EVs at high costs, says Michael Jopp. Shiv Kumar Pushpakar | Photo Credit: Shiv Kumar Pushpakarmore-inMercedes Benz does not see itself producing electric vehicles (EVs) in India at the moment due to limited potential, combined with high investments, said a senior company official. Asked about the company’s strategy given the move to electric vehicles Mr. Jopp said that for quite a long period, the technologies will go parallel. Asked about the change in customer preference for diesel powered vehicles, he said Indian customers’ still prefer diesel vehicles to petrol models. And quite frankly, looking at the fuel prices right now, it will push the shift towards diesel more,” he said.

Source: The Hindu September 20, 2018 16:59 UTC