Business Standard

Mercedes-Benz India expects further sales recovery in festive season

We are cautiously optimistic as we witness early signs of a revival of customer sentiment, says CEO Martin Schwenk

Mr Martin Schwenk, MD and CEO, Mercedes-Benz India with the new AMG GT R
Premium

The company sold 2,948 units during January –June 2020 period as compared to 6,561 units, a year ago in the same period.

T E Narasimhan Chennai
July sales have shown first signs of a gradual recovery, however, it will take some time to reach the pre-Covid levels, said Martin Schwenk, Managing Director & CEO, Mercedes-Benz India. The company said it was sticking to its upcoming launches.
 
“We are cautiously optimistic as we witness early signs of a revival of customer sentiment. This is once again underlined by a satisfactory July sales, especially under current circumstances. This only shows there is a lot of pent-up demand in the market and wherever the situation has stabilised, we have seen demand gradually coming back,” said Schwenk.
 
The company sold

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in