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Union Minister Nitin Gadkari on Friday asked German premium car maker Mercedes-Benz to produce more cars locally and emphasised that such a move reduces the cost besides increasing affordability. Speaking at the rollout of Mercedes-Benz India's first locally assembled EQS 580 4MATIC EV from its Chakan manufacturing facility in Pune, Gadkari, who is the Minister for Road Transport and highways, said that there is a huge market for electric vehicles in the country. "You increase the production, only then it is possible to reduce cost. We are middle-class people, even I can't afford your car," the minister said. The latest EV from the German car maker comes with a price tag of Rs 1.55 crore. The EQS 580 joins the company's EQC SUV and AMG EQS53 4MATIC flagship EV. Mercedes-Benz India started its electro-mobility drive in India with the launch of its all-electric SUV EQC as a fully imported unit in October 2020 priced at Rs 1.07 crore. There are a total of 15.7 lakh registered electr
Honda Cars India on Tuesday reported a 78 per cent decline in its domestic sales to 2,032 units last month as compared to 9,072 units in April this year. The company said it exported 385 units in May. "Multiple state-wide lockdowns throughout the country to control the spike in COVID-19 infections in May 2021 impacted retail business. During last month, we also undertook extended maintenance-related shutdown of our factory leading to limited production but effectively breaking the chain amidst the high number of cases in north India," Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement. With the increase in the pace of vaccination and the declining cases, the company expects markets will open gradually allowing business continuity, he added. Goel noted that the company's field teams were in constant touch with waiting for customers to facilitate their car purchases through digital mediums. "We will closely monitor the on-ground .