Page 2 - Mercedes Benz

Mercedes Benz to invest Rs 3,000 crore in Maharashtra: Minister Samant

German car-maker Mercedes Benz will make an investment of Rs 3,000 crore in Maharashtra, state Industries Minister Uday Samant said on Thursday. In a post on X, Samant said while on a tour of Germany, he met top executives of Mercedes Benz on Thursday and discussed investment opportunities in the state. "Mercedes Benz will invest Rs 3,000 crore in Maharashtra this year. This will help create employment opportunities in the state," he said. The development could give a shot in the arm, ahead of assembly elections, to the Shiv Sena-BJP-NCP government which has been battling charges from the opposition that Maharashtra is losing big-ticket industrial projects to other states including Gujarat.

TVS Supply Chain Solutions zooms 8% on partnering with Mercedes-Benz group

Shares of TVS Supply Chain Solutions soared 7.6 per cent at Rs 182.55 per share on the BSE in early trades on Wednesday

Expecting double-digit sales growth on strong demand: Mercedes-Benz India

Mercedes-Benz India is eyeing double-digit sales growth this fiscal as demand remains strong, especially for high-end models, a senior company executive said on Wednesday. The company, which on Wednesday introduced luxury models -- Maybach GLS 600 4MATIC SUV and AMG S 63 E Performance Edition 1 on Wednesday, had sold 18,123 units last fiscal. It was a growth of 10 per cent over 16,497 units sold in 2022-23. "We expect double-digit sales growth this fiscal as well. The demand for the company's top-end vehicles (TEV) remains robust," Mercedes-Benz India VP (Sales & Marketing) Lance Bennett told PTI. He said the company is focused on strengthening the TEV segment, which accounted for 1 out of 4 Mercedes cars sold in India during the first quarter of 2024. The new Maybach GLS 600 4MATIC is priced at Rs 3.35 crore while the AMG S 63 E Performance is priced at Rs 3.3 crore. The exclusive 'Edition 1' starts at Rs 3.8 crore (All prices ex-showroom). The TEV segment remains buoyant, ...

Will continue to invest in tie-ups with Chinese firms, says Mercedes-Benz

China is 'the most dynamic new energy vehicle market', country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show

Expect India to be in our top 3 markets in 3 years, says Mercedes-Benz

The luxury car market in India could exceed 100,000 annual sales by 2030, says Region Overseas Head Sagree Sardien

Expect India to be third largest market among 118 nations: Mercedes-Benz

The company also plans to tap smaller cities as it looks to establish sales outlets in 10 new locations ranging from Jammu to Kottayam to scale operations, Sardien stated

Expect India to be 3rd largest market among 118 countries: Mercedes-Benz

German carmaker Mercedes-Benz expects India to become its third biggest market in its 'Region Overseas' over the next 2-3 years with demand anticipated to remain strong for luxury products, according to a senior company executive. The Region Overseas for Mercedes Benz comprises 118 countries, excluding North America, Europe and China. India is the fifth largest market in the region after Japan, South Korea, Australia and Turkey. The sales gap between India and Turkey is around 8,000 units per year. "Our Region Overseas markets which encompass 118 markets across the world and India happens to be market number five for us. So you can imagine the relevance and importance it serves not only today, but also for the future of the Mercedes Benz brand," Mercedes-Benz AG Head of Region Overseas, Sagree Sardien told reporters here. When asked about the expected timeframe to achieve the target, she stated, "We are convinced that with the way the Indian market is developing, we should see thi

Mercedes-Benz launches its most affordable SUV in India: Check price here

Mercedes-Benz GLA is available in three trims - GLA 200, GLA 220d 4Matic and GLA 220d 4Matic AMG Line

Mercedes-Benz sets eyes on smaller cities to fuel further growth

German carmaker Mercedes-Benz is looking to expand its presence in the smaller cities in India where demand for luxury models is expected to grow robustly over the next few years. The automaker, which on Wednesday introduced new GLA and AMG GLE 53 models, plans to enhance its sales and service infrastructure in the non-metro cities to cater to the needs of the increasing number of customers. "We are clearly seeing that there is a lot of growth happening in mini metros in India and we are now increasing customer car parc in these cities," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI in an interaction. To cater to the needs of the customers, the company is opening up 20 new workshops in 10 new cities like Jammu, Kanpur and Patna, he added. "So we are very clear that in these mini metros, customers should not be driving a car for more than two hours to get the service done. So you want to go closer to these customer pockets," Iyer said. The penetration of luxury

CHARGE+ZONE, Evnnovator partner with Mercedes-Benz for charging solution

Electric vehicle charging infra platform CHARGE+ZONE and Evnnovator, an end-to-end EV charging aggregator, have partnered with Mercedes-Benz for providing a vertically integrated charging solution in the country. Mercedes-Benz's existing charging network is now seamlessly integrated with over 150 DC fast charging stations and over 100 type 2 chargers already operating on Evnnovator's eMSP platform, as per a statement. Going forward, the integration would result in a robust network of approximately 500 charging points accessible nationwide to all EV customers through the FICH app, it added. The German premium car maker has the largest luxury-OEM backed charging infrastructure in the country. "We have collaborated with Evnnovator, onboarding the charging infrastructure of our franchise partners across India, on their FICH application. This application ensures seamless access to our pan-India fast charging solutions," Santosh Iyer, Managing Director and CEO at Mercedes-Benz India said

Record sales in sight for 2023, Mercedes-Benz India bullish on 2024 outlook

Set for another record sales this year, Mercedes-Benz India is confident of carrying forward the momentum to 2024 despite supply concerns, company Managing Director and CEO Santosh Iyer said on Thursday. The company on Thursday launched two fresh products -- new SUV GLE priced between Rs 96.4 lakh to Rs 1.15 crore and AMG C 43 with price starting at Rs 98 lakh, completing its planned launch of ten products for 2023. "Overall yes, another record year for us. We still have two months to go but at this stage from a demand perspective (it is) strong. From the supply side, we have to improve from here on and with that we should end the year on a high note," Iyer told PTI in an interview on the sidelines of the launch here. He was responding to a query on whether the company is set for another record sales in 2023 after witnessing a new high in 2022 when it clocked 15,822 units. In the January-September 2023 period, the company delivered 12,768 units at a growth of 11 per cent over the s

Mercedes on track to continue record sales in 2023 amid surging demand

German luxury carmaker Mercedes-Benz expects 2023 to turn out to be its best year in terms of sales in India as the demand for high-end cars continues to grow post the Covid pandemic, according to a top company official. The carmaker, which sold 15,822 units in the Indian market in 2022, its highest ever in the country so far, anticipates the overall luxury car segment to post its best ever performance this calendar year. In an interaction with PTI, Mercedes-Benz India MD and CEO Santosh Iyer said the company reported a 13 per cent year-on-year growth in its sales at 8,528 units in India in the first half of 2023, its best-ever half-yearly sales in the country. "We are now coming into the third quarter of this year, and we feel the trend should continue which should mean that we should be able to end this year on a record high once again," he noted. Iyer said the company expects double digit sales growth this year even as multiple challenges exist in the market. "There is a lot of

Audi to Merc, German carmakers drive luxury vehicle sales into high gear

2023 likely to be a record year for luxury car sales

Mercedes launches next-gen GLC in India, the price starts at 73.5 lakh

Mercedes Benz's updated version of GLC has been launched in India which was already introduced to the world last year, but launched here on Wednesday

Mercedes-Benz drives in new SUV GLC in India, eyes double-digit sales

Luxury auto maker Mercedes-Benz on Wednesday launched the latest version of its premium SUV GLC in India with price starting at Rs 73.5 lakh (ex-showroom). The second generation GLC comes with petrol and diesel power trains tagged at Rs 73.5 lakh and Rs 74.5 lakh, respectively. The auto maker said the company has received over 1,500 bookings for the model since the start of the booking process. In an interaction with PTI, Mercedes-Benz India Vice-President (Sales and Marketing) Lance Bennett said the company is looking at a double-digit sales growth this year with GLC sales expected to account for 15 per cent of the company's total sales. "We've got some really good demand in the first couple of weeks of order taking. The GLC is a very important product for us," he said. Bennett said Mercedes-Benz has sold over 13,000 units of the previous generation GLC in India and expects robust demand for the new GLC as well. Locally assembled at the company's manufacturing plant at Chakan in

Luxury car sales up 38% YoY in June, more growth than overall vehicle sales

Going by the current trend, luxury car sales will cross the 40,000 mark taking over the pre-pandemic peak achieved in 2018

Share of top-end cars in Mercedes' India sales nearly 2x in 5 years

One in four cars sold by Mercedes in India in H1 2023 is priced above Rs 1.5 cr

Will launch 10 vehicles this year: Mercedes-Benz India CEO Santosh Iyer

'And a majority will be in the top-end vehicle range', says Santosh Iyer

Mercedes-Benz's India sales jump 36% in FY23; female customer base doubles

The company is assigning dedicated key account managers for 8,000 TEV customers. He said more TEV customers will be assigned such managers

Mercedes-Benz plans to launch 4 electric vehicles in India in 8-12 months

Mercedes-Benz is the market leader in the luxury car market of India with about 44 per cent share