Page 3 - Mercedes-benz India

Mercedes-Benz India records Rs 441-cr PAT in FY23 after two years of losses

Luxury carmaker Mercedes-Benz India recorded a profit after tax of Rs 441.4 crore in the fiscal ended March 31, 2022, after two years of losses, according to financial data accessed by business intelligence platform Tofler. The company, which is not a publicly listed entity, had posted a loss after tax of Rs 107.1 crore and Rs 86.5 crore in 2020-21 and 2019-20 respectively. Revenue from operations in FY22 were at Rs 6,188.5 crore. This was the company's highest revenue after FY19 when it had clocked Rs 6,314.3 crore with a profit after tax of Rs 311.4 crore. In the fiscal ended March 31, 2021, the company's revenue from operations had dipped to Rs 3,639 crore with the pandemic impacting vehicle sales. In FY20, the company's revenue from operations was at Rs 4,819 crore, as per the Tofler data. Mercedes-Benz India's operating revenue in the year ended March 31, 2018 was at Rs 6,077.9 crore and it had posted a profit after tax of Rs 306.6 crore. In terms of unit volume sales, ...

Mercedes-Benz reports 28% rise in sales in India at 11,469 units in Jan-Sep

German luxury carmaker Mercedes-Benz on Wednesday reported a 28 per cent rise in sales in India at 11,469 units in the January to September period this year, surpassing what it sold in the whole of 2021. The company had sold 8,958 units in the same period last year, Mercedes-Benz India said in a statement. "Our sales are at pre-pandemic level, having crossed CY 2021 sales numbers in the first nine months this year. The current market momentum gives us the confidence for striving to achieve our highest sales ever," Mercedes-Benz India Managing Director & CEO Martin Schwenk said. Mercedes-Benz India had sold a total of 11,242 units in 2021. The sales growth witnessed this year so far is despite supply shortages and has been on the back of a "young product portfolio, resurgent customer sentiment scaling up businesses and the ongoing festive period", the company said. The total order bank of Mercedes-Benz India as of September 2022 is over 7,000 units, it added. The company said high

Macro issues not impacting demand: Mercedes India CEO Martin Schwenk

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

Mercedes Benz to roll out EQS 580 from Sept 30; here's what to expect

EQS 580 will be offered with a dual-motor set-up, one on each axle. It develops 516 bhp and 856 Nm of peak torque and is paired with a 4Matic all-wheel-drive system.

Santosh Iyer to lead Mercedes in India as Martin Shwenk moves to Thailand

Youngest and first Indian to be appointed for the top job

Mercedes expects 25% of its total India sales to be electric by 2025

Priced upwards of Rs 2.45 crore ex-showroom, the deliveries of the completely built unit model will commence next month

Mercedes set to lead India's luxury EV market as Tesla stays out

"Now, we are really starting our aggressive offensive into the EV market. In the next five years, 25% of our sales (in India) will be electric," Martin Schwenk said.

Mercedes-Benz EQS launch: Check timing, expected price and specifications

Mercedes-Benz will launch the first S-Class electric car today. Read this article to know the performance, features, design, launch timings, specifications and expected price of the vehicle

Mercedes-Benz in top gear, sees the highest ever June quarter sales

Deliveries in the first half of 2022 also advanced at a brisk pace, soaring 56 per cent to 7,573 units in the January-June period

Mercedes India clocks highest ever sales of 3,551 units in June quarter

The company had sold 1,664 units in the April-June period of 2021

Mercedes-Benz logs record sales in India, sees luxury car market reviving

Company says spike in order is driven by the new C-Class model that starts at Rs 55 lakh (ex-showroom).

Mercedes-Benz opens booking for new version of C-Class in India

The booking amount for the new C-Class is Rs 50,000 with bookings to open first for the C200 and C300d variants, followed by the C220d variant, the company said

Mercedes-Benz extends after-sales programme to 11 cities

The company has also extended its 'Fast Lane Body and Paint Repairs' service programme to 22 FPLs

Mercedes-Benz India to hike model prices by up to 3% from April 1

Mercedes-Benz India on Thursday said it will increase prices of entire model range by up to 3 per cent from April 1 in order to partially offset the impact of increase in input costs.

High-end cars in high demand but supply a huge issue: Mercedes India MD-CEO

Mercedes' new generation imported and locally assembled Maybach goes on sale in India

Mercedes-Benz to launch electric vehicle model, assemble EQS in India

Touted to be the 'S-Class of EVs', slated for a Q4 launch

Mercedes aims for double-digit growth; plans to launch 10 products in 2022

Mercedes-Benz India on Wednesday said it expects to log in double-digit sales growth this year as compared with 2021 as it plans to roll out 10 new products in the market during the period.

Carmakers brace for a fresh round of price hikes from January 2022

Though an annual affair, chip crunch this time around is steering the price wheel

Mercedes-Benz India to hike prices of some models by up to 2% from Jan

The company, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models

Mercedes Benz India adopts direct selling as new retail strategy

Won't ship any cars to dealers, will maintain inventory of new models in its books; says move will help serve customers better