Mercedes

Mercedes to expand PHEV line-up as buyers still prefer conventional cars

Mercedes-Benz India said plug-in hybrids could play a bigger role in its portfolio as most luxury-car buyers continue to favour conventional powertrains despite rising electric-vehicle adoption

Mercedes-Benz risks US ban under bill targeting China-linked automakers

The legislative provision effectively bans companies from the US based on certain thresholds, such as whether they are more than 15 per cent owned by a foreign entity

Mercedes-Benz's India demand holds pace despite supply snags: Santosh Iyer

Mercedes-Benz India sees steady demand despite West Asia disruptions, but flags rising costs and supply delays that may push car prices higher

Kimi Antonelli gets maiden F1 win as Mercedes get 1-2 in Chinese Grand Prix

He's been defined by being Lewis Hamilton's successor and George Russell's teammate. Now Kimi Antonelli is a Formula 1 race-winner in his own right, and the second-youngest in history. The 19-year-old Italian pulled clear of an entertaining battle between Russell and the two Ferraris to take a commanding win at the Chinese Grand Prix on Sunday and share the podium with his teammate and Hamilton, the seven-time champion he replaced last year. It's a vindication of the gamble Mercedes team principal Toto Wolff took in picking the youngster, who'd joined Mercedes' junior program aged just 11, to replace an all-time great when Hamilton moved to Ferrari for 2025. There were plenty of doubters when Antonelli crashed 10 minutes into his practice debut in 2024. "Many said it was just too early last year, and obviously we asked ourselves that question, whether it was too much to throw him into this pressure cooker," Wolff told Sky Sport Germany. "One year with ups and downs and he's young.

Mercedes-Benz India may hike prices quarterly in 2026 amid rupee weakness

Mercedes-Benz India is considering hiking prices of its products every quarter in the next calendar year to offset the adverse impact of rupee depreciation against the euro, its Managing Director and CEO Santosh Iyer said on Tuesday. The company has already announced plans to hike prices of its products by up to 2 per cent from January 1, 2026. The price adjustment reflects the ongoing forex challenges as euro-rupee exchange rate consistently remains above Rs 100-mark in 2025, significantly higher than historical averages, it had stated. "We are considering price hike every quarter next year, and that is because of rupee devaluation to euro," Iyer told PTI here on the sidelines of FICCI Mercedes-Benz Bharat Innovation business ideas challenge programme launch. He said about 18 months back, the exchange value was Rs 89 to a euro and now it's around Rs 104-105. "That is more than 15-18 per cent of depreciation," he noted. While the company has already announced price hike from Janu

Mercedes-Benz to pay $149.6 mn to settle emissions allegations in US

Mercedes-Benz USA and parent company Daimler AG have agreed to pay USD 149.6 million to settle allegations that the automaker secretly installed devices in hundreds of thousands of vehicles to pass emission tests, a coalition of attorneys general announced Monday. According to the coalition, between 2008 and 2016, the German automaker equipped more than 211,000 diesel passenger cars and vans with software devices that optimised emission controls during tests but reduced the controls during normal operations. The devices enabled vehicles to far exceed legal limits for nitrogen oxides, a pollutant that can cause respiratory illnesses and contributes to smog. The states alleged that Mercedes installed the devices because it couldn't reach design and performance goals, such as fuel efficiency, while complying with emissions standards. The automaker allegedly concealed the devices from state and federal regulators and the public while marketing the vehicles as environmentally friendly and

Mercedes tops auto-margin forecasts as premium model sales offset costs

Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chinese premium and luxury market, where a price war driven by local carmakers is hitting demand

Mercedes eyes best-ever festive sales, urges uniform road taxes for growth

The recent GST rate cut is likely to make the upcoming festive season the 'best-ever' for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India MD and CEO Santosh Iyer said. In an interaction with PTI here, Iyer noted that to help cost reduction measures trickle down to the end customer, some uniformity is required in road taxes levied by states across the country. While welcoming the GST rate rationalisation, he pointed out that the automotive sector remains one of the highest taxed, with state levies ranging from 15 to 22 per cent across the country. "The reduction in GST, which has a clear impact on price by 6- 8 per cent, would definitely have an impact on demand in the short run, for sure, because there has been a postponement of purchases in August that should get materialised," Iyer said. The GST rate cut brings a lot of positive sentiment and momentum to the market, he added. "

BMW, Mercedes, Volkswagen vie with BYD-led China rivals at Munich show

The stakes are high. German automakers are grappling with US tariffs, muted sales in Europe and eroding market share in China

Mercedes-Benz launches electric version of top SUV to boost luxury push

Unveiled at the Munich auto show on Sunday, the GLC sport utility vehicle competes with BMW AG's iX3 and Tesla Inc.'s Model Y

Global majors keen to make electric cars in India; Elon Musk's Tesla quiet

The window for applications under the scheme will be open in the next one to two weeks

Porsche, Mercedes face $3.7 bn hit from Trump tariffs on imported cars

Trump's additional 25 per cent duties, to be collected from April 3, could wipe out around a quarter of Porsche and Mercedes' projected 2026 operating earnings

Mercedes-Benz 2024 car sales fell 3% in a tough year for automakers

Annual sales of battery-electric cars (BEV) dropped by 23 per cent to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year

Mercedes-AMG CLE 53 Coupe to hit Indian roads in 2025 with sportier design

The new Mercedes-AMG CLE 53 will come with a wider stance and enhanced style, powered by the 'M256' 3.0-litre twin-turbo six-cylinder engine coupled with a 48V mild-hybrid system

We must win back market share, rethink strategy: Mercedes-Benz labour chief

Mercedes-Benz Cars sold 1.46 million cars in the first nine months of this year, down 4.3% from the same period of 2023

Mercedes and Porsche's battle with Chinese EVs edges closer to home

The clearest sign of their impact came on Friday, when Mercedes reported its weakest profitability

Mercedes pledges cost cuts after earnings halve; blames weak China demand

The stock has lost around 8% year to date, underperforming Germany's benchmark DAX index but still faring better than Volkswagen, BMW, and Porsche AG

VW, BMW and, Mercedes getting left behind in auto race by China's EVs

The latest warning signs came last week, when all three German manufacturers reported slumping third-quarter sales in China

Mercedes slashes financial forecast in latest blow to German industry

Mercedes-Benz Cars now expects its adjusted return on sales to be between 7.5 per cent and 8.5 per cent

Under pressure in China, Mercedes-Benz trims 2024 car profit outlook

The company said it now expected an adjusted return on sales in the range of 10-11 per cent this year, down from its previous target range of 10-12 per cent