The new models of mid-range cars are expected to be launched over a period of next two-three years.
"We are positively considering to enter into mid-range segment of cars in India over the next two-three years.
"This will help us take the Mercedes brand to larger masses and increase our sales in the country," said Peter Honegg, managing director and CEO, Mercedes-Benz India, the Indian arm of Mercedes-Benz.
"The proposed mid-range cars will be priced below our C-Class variant, which is currently the cheapest model offered by the company," he added.
The company sells C-Class model at Rs 28 lakh or Rs 2.8 million (ex-showroom Delhi).
These mid-range segment cars will be completely knockdown units and will be assembled at the company's existing facility at Chakan, Pune in Maharashtra.
Currently, C-Class constitutes about an average 35 per cent of the company's total car sales in India.
Mercedes' passenger car sales have shown sharp growth of 35 per cent (year-on-year) during first nine months (January to September) of the calendar year 2011.
The company has sold over 5635 cars during the period, up from 4158
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