Mercedes-Benz India, MD & CEO Wilfred Aulbur today said that future prospects for his company and the auto sector in general look good with a stable Congress-led government at the Centre.
"The year 2008-09 saw the biggest impact of global recession especially on the auto industry. Though our turnover has increased slightly, but the rise is not significant," Aulbur told mediapesons here while inaugurating new showroom of the Mercedes-Benz here.
The sales for the last quarter of 2008-09 has been less than what it was in same period the previous year, he said. "But now the things are looking good with a stable UPA government in place at the Centre. We are hopeful of a positive budget which will help us and the auto industry in general," Aulbur said.
The CEO & MD said that they are expecting around 10 percent increase in the sale in the next one year, and also plans to expand its network across the country.
"We will be investing about Rs 150 crore in expanding our sales and service network across India. Our focus will be on the C and S class models," Aulbur said. Major portion of the funds for expansion will be pumped in by our dealers, he added.
