Mercedes posts record sales in India during 2014

Company witnessed strong demand for its products last year, says company's MD & CEO

Press Trust of India New Delhi
Last Updated : Jan 03 2015 | 12:15 AM IST
German luxury car maker Mercedes- Benz on Friday reported a 13 per cent increase in annual sales in India in 2014 at 10,201 units, driven by new launches and network expansion. It had sold a total of 9,003 units in 2013, it stated.

Mercedes-Benz India Managing Director & Chief Executive Officer Eberhard Kern said the company has recorded the highest ever sales last year  in the history of Mercedes- Benz in India till date.

“We are satisfied that our customer-oriented efforts have paid off well. With this second consecutive successful year, we are now more confident and focused on continuing our growth momentum in India, which we achieved amidst increasingly challenging market conditions,” he added.

Kern said the company witnessed strong demand for its products last year. “In 2014 we witnessed a strong demand growth for our products, leading to long wait-list on some of the key products, which eventually limited our total sales numbers,” he added.

He further said: "Our aggressive product strategy saw 10 new launches, coupled with our strategic network expansion strategy which witnessed a record 14 new outlets inaugurated."

The company launched various models including flagship S-Class, E 350 CDI sedan and the all new C-Class during last year.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 03 2015 | 12:15 AM IST

Next Story