Martin Schwenk To Helm Mercedes Benz’s Indian Operations
In the last three years, under the leadership of Roland Folger, Mercedes-Benz India has witnessed significant growth rates achieving the highest market share in the luxury car segment
Mercedes-Benz has announced the appointment of Martin Schwenk as the new Managing Director and CEO of its India operations effective from 1st November, 2018. Martin Schwenk will replace Roland Folger, who will assume a new position for Mercedes-Benz’s Thailand & Vietnam markets.
Martin Schwenk, currently the Chief Financial Officer of Beijing Mercedes-Benz Sales Service Co. Ltd. in China stated, “Having worked across in different countries and functions, I am extremely excited for my forthcoming responsibility to head the dynamic India market. India’s rich cultural diversity, the young population, the diverse customs, different languages, and topography together with its importance as a future economic powerhouse; makes it a compelling market to grow the business. It is a privileged opportunity for me to head the business of the most iconic and successful luxury motoring Mercedes-Benz India.
It is to be mentioned that Martin Schwenk has an Engineering degree from the University of Stuttgart and started his career at Daimler in 1992, through the Mercedes-Benz Trainee Program. Afterwards, he has taken various important positions in Finance and Controlling in several locations, including Germany, South Africa, Austria and the United States. In September 2015, Martin joined the Mercedes-Benz Sales Organization in China as the Chief Financial Officer. With his professional insights and strategic direction, he played a leading role on the progress of many critical projects and business processes, and proved himself indispensable in safeguarding the sustainable success of MB passenger car business in China.
In the last three years, under the leadership of Roland Folger, Mercedes-Benz India has witnessed significant growth rates achieving the highest market share in the luxury car segment. During his tenure in India, Roland Folger has also been instrumental in initiating an array of positive cultural changes within Mercedes Benz India and successfully driving Daimler AG’s Expedition 2020 initiative.