new delhi german luxury carmaker mercedesbenz on monday announced a toplevel management change in india with martin schwenk set to take over as managing director and ceo from november 1 2018schwenk currently the chief financial officer of beijing mercedesbenz sales service co ltd in china will take over from roland folger who will assume a new position for the companys thailand and vietnam markets it said in a statementfolger has been instrumental in mercedesbenz regaining its leadership position in the indian luxury car segment and in the last three years under his leadership the company witnessed significant growth rates achieving the highest market share in the luxury car segment it addedin 2017 mercedesbenz india achieved sales history by crossing the 15000 annual sales number the statement saidreflecting on his stint in india folger saidi am very satisfied about mercedesbenz indias strong leadership position in the market and our relentless efforts in creating new benchmark in customer delighton the prospects of his new role in india schwenk saidindias rich cultural diversity the young population the diverse customs different languages and topography together with its importance as a future economic power house makes it a compelling market to grow the businessschwenk who began his career at daimler in 1992 through the mercedesbenz trainee programme has an engineering degree from the university of stuttgarthe has taken various important positions in finance and controlling in several locations including germany south africa austria and the us the company said