The story
Daimler established Mercedes-Benz India Ltd. in 1994, signing a venture with TELCO for local production of vehicles. It was the first German luxury brand to officially enter the Indian market after launching the W124 Mercedes-Benz E-Class, marking entry of luxury brand segment in India. However, the car was not a success due to public perception, as Mercedes Benz had transitioned to the W210 E-Class globally, but over the years, the W124 has been positively received for reliability and simplicity. Mercedes Benz eventually launched the W210 E-class in 1998 and produced the car in partnership with TELCO with CKD kits.
Mercedes-Benz India is a wholly owned subsidiary of the Daimler AG.
The company is headquartered in Chakan, Pune, Maharashtra. In 2022, Daimler split into two separate entities, one focusing on passenger vehicles under the newly formed Mercedes-Benz Group moniker and the other on commercial vehicles as Daimler Trucks.
From Wikipedia’s article on Mercedes-Benz India, shared under CC BY-SA 4.0.4
