Mercedes India

Mercedes-Benz to manufacture EQS SUV 580 in India, first outside the US

Luxury carmakers are focusing on bringing in more models that will be made in India

India has potential to be in top five markets for Maybach brand: Mercedes

German luxury car maker Mercedes-Benz India on Thursday said India has the potential to become one of the top five markets for its Maybach brand of cars in sales volume. Launching the electric version of its first-ever all-electric Mercedes-Maybach in India, the company's managing director and CEO Santosh Iyer said the launch of the new car models -- Mercedes-Maybach EQS 680 SUV manifests the firm's ambition to lead in digital and electric mobility with a focus on ultra-luxury segment. The Maybach EQS 680 SUV starts at Rs 2.25 crore onwards (all India ex-showroom). "We have got into the top 10 markets in the world (in terms of sales numbers). We are the fastest growing. We would have done (sold) more than 1,500 Maybach's across models," Iyer said. Calling the brand very strategic and important for the company, Iyer said, "We would like India to further grow in this space. We would like to come in the top five for sure it is (only) a matter of time, we see the growth potential for .

Mercedes-Benz to assemble more EVs in India to meet carbon neutrality goals

German luxury carmaker Mercedes-Benz is considering assembling more electric vehicles at its plant in India not merely to gain cost advantage but also to meet its zero emission mobility and carbon neutral setup goals, according to a senior company official. Mercedes-Benz India, which currently assembles its flagship electric luxury sedan EQS at its Chakan unit, is considering localisation of other models depending on demand. "Our final goal is zero emission mobility and carbon neutral setup, which not only means about tailpipe emissions, but also from the recyclability of the car, to the carbon footprint that we generate by producing these cars," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He further said,"We have to look at this holistically and therefore producing EVs was the logical step and we will continue in that direction as the market demand changes." Iyer was replying to a query over Mercedes-Benz India's long-term plans for local assembly of EVs in

Luxury carmaker Mercedes-Benz India reports best ever retail sales in FY24

German luxury carmaker Mercedes-Benz on Thursday reported its highest-ever retail sales in a financial year in India in 2023-24, driven by strong demand for its SUV range. The company sold 18,123 units last fiscal, a growth of 10 per cent over 16,497 units in the 2022-23 fiscal. "We achieved the best-ever month, highest-ever quarter and best-ever fiscal in India. This trust reflects in the unmatched desirability for Mercedes-Benz in India, resulting in an overwhelming customer response," Mercedes-Benz India MD and CEO Santosh Iyer said in a statement. In the January-March period this year, the automaker sold 5,412 units, an increase of 15 per cent over 4,697 units in the first quarter of last year. The automaker said it plans to introduce nine new models this year in the country, including three new battery electric vehicles (BEVs). The company said it will strengthen its AMG performance range with the launch of the AMG S 63 e-Performance sedan and the AMG C 63 e-Performance in th

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

Budget wishlist: Mercedes-Benz India expects long-term GST plan on EVs

Currently, all electric vehicles (EVs) benefit from a concessional GST rate of five per cent, while vehicles running on internal combustion engines (ICE) are charged a 28 per cent GST

Auto cos seek continued push to green mobility, infra development in Budget

The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim budget on February 1. "We expect capex on infrastructural projects to continue, aiding the automotive sector. The policy push for green mobility should remain a key focus for the government, encouraging faster adoption of electric vehicles," Mercedes-Benz India MD and CEO Santosh Iyer said. The luxury car industry has a significant value contribution to the GDP and the segment aspires for a rationalised duty structure and GST on priority, he added. "Overall, we expect consistency in various policies and no surprises in the upcoming budget," Iyer stated. Luxury vehicles currently attract the top GST slab of 28 per cent with an additional cess of 20 per cent on sedans and 22 per cent on SUVs, taking

Aiming for double digit volume growth in 2024: Mercedes-Benz India MD & CEO

The German carmaker, which leads the luxury car market in the country, recorded a 10 per cent year-on-year growth to 17,408 units in 2023

Mercedes Benz lines up Rs 200 cr investment, will launch over 12 products

German luxury carmaker Mercedes-Benz will invest Rs 200 crore in India this year on new products, manufacturing operations and digitisation, to strengthen its position after posting record sales of 17,408 units in 2023, a top company official said on Monday. Mercedes-Benz India will have more than 12 launches in 2024, including three electric vehicles, out of which half will be in the top end vehicle segment (TEV) and will be priced Rs 1.5 crore onwards. "This year marks a special year as we celebrate 30 years of Mercedes Benz in India. We are going to invest Rs 200 crore more into our factory in Pune. This takes a total investment of Rs 3,000 crore in India now. So that's a strong statement of intent," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI in an interview. These investments will be towards manufacturing operations, new product startups and digitisation of the manufacturing process, he added. In 2023, Iyer said, the company recorded its best-ever year ..

Actor Shahid Kapoor, wife Mira buy Mercedes Maybach worth Rs 3.5 crore

Shahid Kapoor and his wife Mira have become the owners of the brand-new Mercedes Maybach GLS 600 worth Rs. 3.5 crore, also owned Ranveer Singh, Kriti Sanon, Ayushmann, among others

Mercedes-Benz India to hike prices of select models by up to 2% from Jan 1

German luxury carmaker Mercedes-Benz on Wednesday said it will hike prices of select models in India by up to 2 per cent from January 1 next year to partially offset rising input, commodity and logistics costs. The price hike will range from Rs 60,000 for the C-Class to Rs 2.6 lakh for a GLS SUV and up to Rs 3.4 lakh for the top-end imported Mercedes-Maybach S 680. "High-cost pressures driven primarily by rising input costs, commodity pricing, and increased logistics costs, combined with inflationary pressures have been exerting cost pressure on our overall operations. "As we rein in higher efficiencies to offset these rising costs, a slight price adjustment for select models is necessitated to sustain our profitable business operations and retain the price positioning," Mercedes-Benz India Managing Director and CEO Santosh Iyer said in a statement. He further said, "While we continue to absorb the majority of this increase, a small portion must be passed on to the market to offset

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

Sedan demand strong despite surge in SUV growth: Mercedes Benz India MD

Sedans are still holding strong for Mercedes Benz India despite the demand for SUVs soaring in the overall Indian passenger cars market, according to company Managing Director and CEO Santosh Iyer. Although the company expects the share of SUVs to its overall sales will be slightly skewed after the recent launch of its new GLC SUV, he said the demand for its sedans continues to be very strong. "Fortunately our portfolio is a balanced sedan-SUV portfolio. We have the A Class, the B Class, the E Class and the S Class in sedan and then we have mirrored that in the SUV portfolio with a GLA, GLC, GLE and GLS. Right now the share of sedan versus SUVs is almost 48:52," Iyer told PTI. However, he admitted with the launch of the GLC, the share of SUVs to the company's overall sales could inch up to 55-57 per cent. Yet, Iyer said the demand for sedans for Mercedes-Benz is still strong in India. "A 50 per cent share of around 8,500 (total) in the first half, I would say nearly 4,500 customer

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

Manufacturing companies opt for flexible work rules in post-coronavirus era

Deloitte's India Benefits Report 2023 findings reported that one-third of about 80 manufacturing firms have changed their policies to enable hybrid working arrangements post Covid-19

Mercedes-Benz accelerating drive to bring top-end vehicles to India

German luxury carmaker Mercedes-Benz is accelerating its drive to bring top-end vehicles priced above Rs 1 crore to India, with demand even from non-metros growing at an accelerated pace, according to a senior company official. The company, which on Thursday launched the premium new AMG SL55 MATIC+ roadster model with prices starting at Rs 2.35 crore ( all India ex-showroom) -- its fifth launch of the year -- will bring another model in the top-end vehicles (TEVs) segment, which account for 25 per cent of its total sales in India. The Mercedes-Benz SL55 4MATIC+ features a petrol V8 engine with twin turbo charge and offers a top speed of 295 km/hour, the company said. "The non-metros, from a percentile basis are even bigger than metros but their base is small...Metros still contribute close to 70 per cent (of TEV sales) and the balance 30 per cent comes from non-metros...," Mercedes-Benz India MD & CEO Santosh Iyer told PTI here in an interview. Still, he said the contribution ..

After Mercedes, Volvo to adopt direct-to-customer model for sales in India

Industry experts say that such a model may not be practical for mass-market cars given their large sales volumes

Mercedes-Benz unveils electric SUV EQB 350 in India with some modifications

While the EQB 350 comes with significant performance enhancements, it retains the same 66.5 kWh battery pack similar to its predecessor

Mercedes-Benz India posts record sales at 4,697 units in March quarter

German luxury car maker Mercedes-Benz on Tuesday reported record sales in India at 4,697 units during the first quarter of 2023, a 17 per cent growth over the year-ago period, with its top end vehicles priced above Rs 1 crore seeing accelerated growth. Mercedes-Benz India, which had sold 4,022 units in the same quarter last year, launched its hybrid AMG GT 63 S E Performance model with price starting at Rs 3.3 crore (ex-showroom Delhi) as part of its strategy to accelerate sales of top end vehicles (TEVs). For the fiscal ended March 31, 2022, the company posted its highest-ever sales at 16,497 units as against 12,071 units in 2021-22, a growth of 37 per cent. "Overall, our growth story continues with a record quarter and a record fiscal year...Double digit growth continues for us in 2023," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He said, "When I look at the composition, the top end vehicles (TEVs) actually showed more than 100 per cent growth in quarter

Mercedes-Benz plans to launch 4 EVs in next 8-12 months in India

German luxury carmaker Mercedes-Benz plans to launch four new electric vehicles in India in the next 8-12 months to accelerate its electric mobility drive, Mercedes-Benz AG Head of Region Overseas Matthias Luehrs said on Thursday. The company expects 25 per cent of its total sales in India to come from electric vehicles in India by 2027. "We are very happy with the development of our EVs (electric vehicles) here in the Indian market with (models such as) the EQS and the EQB. We'll have four more vehicles coming in," Luehrs told reporters here in an interaction. The company currently sells four luxury electric vehicle models -- EQS, EQB, EQC and EQS AMG -- in the Indian market. On the sales expectation from the EV portfolio in India, Luehrs said, "We will have 25 per cent (of total sales), that's our planning assumption, of electric vehicles in the next four years." At present, sales of EVs account for around 3 per cent of the company's total sales in India. Last year, Mercedes-Be