Page 3 - Mercedes-benz

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

Focus to reduce delivery waiting period, says Mercedes-Benz India

Prices of all models to be hiked by 5% from April 1

Mercedes Benz India eyes double-digit growth in market share in 2023

Mercedes Benz, India's largest luxury carmaker aims to achieve a double digit growth in market share this year, a top company official said on Monday. The company sold 15,822 cars last year, the highest in the luxury segment and achieved double digit growth, Mercedes-Benz India Vice President Sales and Marketing, Lance Bennett told reporters here. He was speaking after inaugurating a revamped MAR20X showroom in the city, boasting of a dedicated MAR20X EQ Display and Exclusive Corner for Top End Vehicles (TEV). Tamil Nadu was an important market for the vehicles in India, with 45 per cent growth, contributing 20 per cent to the pan India market and Coimbatore has showcased a robust 32 per cent year on year growth, Bennett said. "We are excited about the growth potential of Mercedes-Benz in Tamil Nadu. The TEV segment has witnessed robust growth in Coimbatore, underlining the segment's popularity," he said. According to Sharath Vijayaraghavan, executive director, Sundaram Motors, t

Mercedes-Benz, Cisco join hands to bring mobile office to new sedans

"This partnership will help people get work done safely, securely and comfortably in their vehicles," the companies were quoted as saying

Mercedes-Benz to drive 10 new models into India in 2023: MD & CEO

The company on Friday launched this year's first top-end vehicle: convertible AMG E53 Cabriolet 4MATIC+ that is priced at Rs 1.30 crore (ex-showroom) and can sprint up to 100 km/hour in 4.5 seconds

Mercedes-Benz India sold 15,822 units in 2022; key models drove the growth

According to the company, it has retained its leading position in the luxury car market in India by selling 15,822 units last year, up from 11,242 units sold in 2021

Mercedes-Benz Energy signs deal with Lohum to recycle EV batteries

Lohum has committed to lift a minimum of 50 MegaWatt Hertz (MwH) across multiple second-use modules a year from Mercedes-Benz Energy

Rivian EV puts hold on partnership for electric vans with Mercedes-Benz

Electric car-maker Rivian has put a pause on plans to co-develop multiple new electric delivery vans with luxury German automaker Mercedes-Benz

Mercedes-Benz India on road to best-ever sales: MD & CEO Martin Schwenk

'We reached our highest (unit sales) number in the calendar year 2018. It was 15,538 units. We assume we should be able to cross this number'

Mercedes-Benz India on road to best-ever sales: MD & CEO Martin Schwenk

'We reached our highest (unit sales) number in the calendar year 2018. It was 15,538 units. We assume we should be able to cross this number'

MF route to buy a Merc? Senior executive's comment starts Twitter debate

Spotlight turns on why middle class Indians use SIP for securing their financial goals