CURRENT AFFAIRS

Detailed explanation-1: -Mercedes-Benz Elevates Santosh Iyer as MD and CEO of Mercedes-Benz India, Effective 1st January, 2023. August 2022 : Mercedes-Benz has made an important organizational announcement.

Detailed explanation-2: -German luxury carmaker Mercedes-Benz on Monday named Santosh Iyer as the Managing Director & CEO of the Indian operations with effect from January 1, 2023. Santosh Iyer, 46, is currently working as Vice President, Sales & Marketing and would be the first Indian to lead Mercedes-Benz India operations.

Detailed explanation-3: -Mercedes-Benz, a German automobile manufacturer, on Monday named Santosh Iyer the Managing Director and CEO of the Indian business, effective January 1, 2023. Iyer, 46, would be the first Indian to serve as the head of Mercedes-Benz India operations.

Detailed explanation-4: -Santosh Iyer, the newly-appointed MD and CEO of Mercedes-Benz India, sparked a debate in November when he said that systematic investment plans (SIPs) are the luxury car brand’s biggest competitor in the country.

Detailed explanation-5: -India was the fastest-growing global market for Mercedes-Benz in 2022, chief executive and chairman Ola Källenius said, in a year when its global sales shrank 1% following the slowdown in China, the world’s largest car market.