Original Post : http://managementaccountant.blogspot.com/2008/07/indian-ceos-prefer-mercedes.html

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Indian CEOs prefer Mercedes

Posted: 20 Jul 2008 05:29 AM CDT

The news article in Economic Times caught my attention where Indian CEOs prefer imported cars. The reason may be Indian auto makers may not have cars to suit the taste of super rich CEOs. I summarized the list from article for your dekko.

Name	CEO / Director / Chairman of	Car he owns/ prefers
Mukesh Ambani	Reliance Industries	Maybach 62 and lot of S Class Mercedes
K P Singh	DLF Group	S Class Mercedes
Malvinder Singh	Ranbaxy Labs	Mercedes S350s
V C Burman	Dabur Group	Mercedes Kompressor
Anil Ambani	Anil Dhirubhai Ambani Group	Lamborghini, Porsche
Kumar Mangalam Birla	Birla Group	MW 5 Series Sedan
Shiv Nadar	HCL Technologies	Rolls Royce Phantom
Vijay Mallya	U B Group	Bentley Continental Flying Spur. Has collection of cars
Subhash Chandra	Zee Telefilms	Mercedes Viano 3.5.
Sunil Bharti Mittal	Bharti Airtel	Mercedes S-500
Azim Premji	Wipro	Toyota Corolla
Ratan Tata	Tata Group	Tata Sedan
Shinzo Nakanishi	Maruti Suzuki	Grand Vitara
Deepak Pareekh	HDFC Bank	Toyota Camry
O P Bhatt	SBI	Toyota Corolla
Janardhana Reddy	Obalapuram mines	Volkswagon, Mercedes Benz and a Pajero

Mercedes is at the top of the list. Only Mr. Ratan Tata is in bit of odd position since his company is the leading Indian car manufacturer in India which focuses on car for masses. India Inc now expects car for classes too. According to Forbes in year 2007, India has 30 billionaires with total net worth of $ 152.30 billion.

Source: Maybach 62

It is customary for people working in Embassy and High Commission to drive cars of country origin. It would be interesting to see which cars Ambassador and representatives Indian High Commission drive ? Or will you consider cars Hyundai, Volkwagen, Suzuki manufactured in India to be an Indian car ?

Did you know that Malaysian car manufacturer Proton and Korean car manufacturer Hyundai has range of cars for all classes ? Tata Motors, buckle up, India Inc. expects a lot from you now. You have a Nano... now the expectation is for Macro also !!!

Just a closing thought ?

I have a friend who owns BMW and has been driving it for long time. When he sells the old one and buys another - it is always a BMW.

I asked him, why he doesn't buy Mercedes ? He looked at me and said, "I don't drive taxis !!! " A view shared by most of BMW owners.

You will never find a BMW taxi but there will be always a Mercedes Taxi. Anyway, for the time being, I can only talk about it.

I will be happy to read your comments on this topic. Please add / post yours comments on which car do you fancy the most. What car does your CEO drive ?

Regards,

Santosh Puthran

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