The Economic Times

28th Nov,2014

Mercedes Ready To Rev Up India Sales with New Models

They are aiming to repossess the top spot in indias market for luxury cars. They are living up
with a number of launches. Last week there launched a new car called C-class.
By this there are thinking to take top leadership spot in indian market and also carrying with
growth sales in coming year. There are also said that they increased sales upto 16% i.e 7,529
units of first nine month of in 2014 and there are aim is to cross 10,000 mark and comparing with
to 9,003 units which was sold in last year. They thinking that india is a strategic marketing
platform to sell the products and there are planning to launch 20 news models globally without
ant predecessors
For that, there are expanding production capacity at its chakan plant near pune to 20,000 units to
meet the expected demand in coming years.

ITC To Invest 9000-crore to up hotel count

ITC are investing 9000cr in next 3-4 years to expand its hotel portfolio to 150 hotels
They are currently operating with 102 hotels from the total of 150 hotels will be managed by
fortune hotels brand .although they are facing losses there are confident with this investment plan
which will be funding internally.
As per reports there are faced loss from hotels 9.6crores.