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Emerging mkts will drive luxury cars' growth: Mercedes-Benz

Press Trust of India  |  Bhubaneswar 

German auto major Mercedes- Benz on Monday said emerging markets will drive the growth for the luxury cars segment.

"Emerging markets will be the next growth engines for luxury cars, and we are excited to participate in this growth story..." said Martin Schwenk, MD and CEO, Mercedes- Benz India.

Schwenk was speaking to reporters after inaugurating a luxury car dealership in the twin-cities of Bhubaneswar and Cuttack.

"We are excited to be present in this market and are confident that T&T Motors... will create a fascinating journey for our customers," he said.

The dealership can service up to 3,500 cars a year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 26 2019. 22:15 IST