The €3 billion includes a €2.6 billion ($2.91 billion) investment announced in February.

The company, which registered a 21 per cent growth in sales at 13,589 units in 2015-16, had the largest share in the luxury car segment and is betting big on SUVs to bolster its position. "Our NGCCs (new-generation compact cars) were the volume driver last year. This year, it's going to be our SUVs. We have a phenomenal line-up with two more to come this year," managing director and CEO Roland Folger said.

"India has growing penchant for SUVs and at 100% growth achieved in 2015, it was the highest growing segment for us," Mercedes-Benz Managing Director and CEO Roland Folger told reporters here.

Road transport minister Nitin Gadkari on Wednesday said the company has written to him informing of its ability to supply all forms of vehicles which can run on environmentally less polluting forms of fuels. He also said that the government will begin work on planting trees along national highways under the Green Highways (Plantation, Transplantation, Beautification and Maintenence) Policy, 2015.

According to the 6th edition of Randstad Award 2016, Google India emerged as the most attractive employer for a second consecutive year.

A final decision wasn’t taken on the road map and the top executives of the companies have agreed to meet later this week on how to address the issue over environmental compensation cess (ECC) as directed by the Supreme Court, according to industry sources.

"Mercedes-Benz believes in introducing the latest products and variants in the market at regular intervals, to keep customer interest and curiosity intact in the brand. This strategy, we firmly believe, has contributed to our unmatched success in India," said Roland Folger, managing director and chief executive of Mercedes-Benz India.

The car, which is certified with the highest ballistic protection level of VR 10, comes to the country as a completely built unit (CBU).