Mercedes-Benz India has launched the Mercedes-Benz G 350d in India at Rs 1.5 crore, ex-showroom. Globally, this is the entry-level version of the iconic SUV line but it India it complements the range-topping Mercedes-AMG G 63 which debuted last year. The G 350d is also offered with the connected car technologies that were recently launched in the country. You can read about Mercedes-Benz’s digitization programme here.
The new Mercedes-Benz G-wagon or the G 350d is powered by a 3.0-litre inline six-cylinder diesel engine. It produces 282bhp and 600 Nm of peak torque. This is the same engine, which also powers the S-Class 350d in the Indian market. The engine is BS-VI compliant from the start as well. The engine is mated to a standard 9G-Tronic automatic transmission, sending power to all four wheels. Mercedes-Benz claims that the G 350d can reach a top speed of 199 km/h while taking 7.4 seconds to sprint from 0 – 100km/h.
With bookings for the SUV starting today, the German carmaker said it will import the G 350 D as a completely built unit (CBU).
Martin Schwenk, managing director and chief executive officer, Mercedes-Benz India said the new luxury SUV offers several customisation options on the interior and the exterior of the vehicle ranging from handcrafted upholstery to more than six alloy wheel options.
Mercedes-Benz’s first luxury SUV from its G-Class portfolio was the G 55 model, which was launched in 2011 as a CBU.
Zomato acquires UberEats India for nearly Rs 2,500 crore
New Delhi: Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.
According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.
Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.
“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.
According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.
Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.
It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.
The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.
Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.
“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.
“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.
On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.
The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.
The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date.
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