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Mercedes-Benz India cautious, but sees demand rising in second half of 2019

Retaining its leadership in the luxury segment for the fourth year in a row, Mercedes sold 15,538 cars in 2018

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Mercedes-Benz India MD & CEO Martin Schwenk with V-P (sales marketing) Michael Jopp right) at the launch of Mercedes-Benz V-Class MPV, in Mumbai on Thursday. Photo: Kamlesh Pednekar

Shally Seth Mohile Mumbai

Last Updated : Jan 24 2019 | 9:47 PM IST

Mercedes-Benz India remains cautious for the current year and expects the year to be flat in terms of financial performance as the segment is under pressure owing to the current macroeconomic headwinds, Martin Schwenk, managing director and chief executive, said.

But that is not stopping the luxury car market leader from bringing in new models. The local arm of the German firm, which completes 25 years in one of the world’s smallest luxury car markets, plans to introduce 10 new models, including variants of existing ones, this calendar year.

“Our numbers were quite satisfying for calendar year 2018 and we

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