MBILMoser Baer India Limited
MBILMoser-Baer India Ltd. (diskette manufacturer)
MBILMercedes Benz India Limited
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MBIL will design and develop these solutions from its manufacturing facility in Noida in association with Giesecke & Devrient (G&D), an international technology provider headquartered in Munich, Germany and other leading players of the 'data security' industry.
Commenting on these unique indigenous solutions Ratul Puri, Executive Director, MBIL said "Moser Baer has been at the helm of development in the storage media space.
To draw in enthusiasts, MBIL is looking at selling F1 tickets through the company's dealerships as India gets ready to host the world's most adrenaline thumping motorsport event for the first time in Delhi in October.
The cars would be the cheapest offerings from the MBIL stable.
Speaking on the occasion, Peter T Honegg, Managing Director & CEO, MBIL said, "Mercedes- Benz has a strong legacy of 125 Years and we are the pioneers and the largest bus manufacturers globally with the widest portfolio of product offerings.
According to Mitra, MBIL hopes to start its vehicle finance business under 'Daimler Finance' in early 2011, following the Centre's okay to operate a non-banking finance company (NBFC).