Mercedes

We must win back market share, rethink strategy: Mercedes-Benz labour chief

Mercedes-Benz Cars sold 1.46 million cars in the first nine months of this year, down 4.3% from the same period of 2023

Mercedes and Porsche's battle with Chinese EVs edges closer to home

The clearest sign of their impact came on Friday, when Mercedes reported its weakest profitability

Mercedes pledges cost cuts after earnings halve; blames weak China demand

The stock has lost around 8% year to date, underperforming Germany's benchmark DAX index but still faring better than Volkswagen, BMW, and Porsche AG

VW, BMW and, Mercedes getting left behind in auto race by China's EVs

The latest warning signs came last week, when all three German manufacturers reported slumping third-quarter sales in China

Mercedes slashes financial forecast in latest blow to German industry

Mercedes-Benz Cars now expects its adjusted return on sales to be between 7.5 per cent and 8.5 per cent

Under pressure in China, Mercedes-Benz trims 2024 car profit outlook

The company said it now expected an adjusted return on sales in the range of 10-11 per cent this year, down from its previous target range of 10-12 per cent

Mercedes crash: Woman driver surrenders before Nagpur police, gets arrested

A woman accused of mowing down two men while driving her Mercedes car under the influence of alcohol in Nagpur surrendered before police on Monday, more than four months after the crash, and was subsequently placed under arrest, officials said. Ritika alias Ritu Maloo walked into a city police station where she was formally arrested in the evening after questioning, they said. Late last month, the Nagpur bench of the Bombay High Court refused pre-arrest bail to the woman, saying no prudent person drives under the influence of alcohol and termed it as a serious misconduct. The incident occurred on February 25 on Nagpur's Ram Jhula bridge when Maloo drove her Mercedes car recklessly allegedly under the influence of alcohol and crashed into two men on a scooter. Both riders, Mohd Hussain Gulam Mustafa and Mohd Ateef Mohd Zia, sustained fatal injuries in the crash. Initially booked under various sections of the Indian Penal Code and the Motor Vehicles Act for rash and negligent driving

Putin gives North Korea's Kim a luxury Russian-built limousine, says TASS

Photos released by Russian media showed Putin and Kim taking turns to take the wheel in the new Aurus around the guest house following the summit talks

Hamilton's team switch: Ferrari gambles on new red storm for 2025 F1 season

Hamilton is hungry for a podium finish. His move from Mercedes to Ferrari could be a recipe for success or a disaster in the making

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

Bugatti, Ferrari, Mercedes are the most expensive classic cars of 2023

On Nov. 13, a 1962 Ferrari 330 LM/250 GTO by Scaglietti sold for $51.7 million at an RM Sotheby's sale in New York City. The antique racer was the most expensive Ferrari ever to sell at auction

Mercedes names Amrit Baid as head of marketing, customer experience

Mercedes-Benz India on Tuesday said it has appointed Amrit Baid as Head of Marketing and Customer Journey with effect from February 1, 2024. Baid, who is currently associated with Region Overseas Marketing team of Mercedes-Benz Malaysia, succeeds Pradeep Srinivas who moves to Mercedes-Benz AG headquarters taking up a global role. "Amrit is a home-grown talent with a proven record of strategizing and delivering key marketing campaigns in India. He now joins us from Region Overseas Malaysia, where he successfully steered various projects to integrate and optimise digital customer experience," Mercedes-Benz India Vice President (Sales & Marketing) Lance Bennett said in a statement.

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

Mercedes CEO Kallenius changes tune on China as 'economic wonder' stalls

Mercedes-Benz Group AG had enjoyed a string of successful years in the country, the chief executive officer said, but the best was yet to come

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

Comprehensive trade deal with EU could make India an export hub: Mercedes

In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023

Car brakes applied 5 seconds before Cyrus Mistry car crash: Mercedes report

Luxury carmaker Mercedes-Benz has submitted its interim report on the fatal accident of industrialist Cyrus Mistry to the Palghar police, which mentions that the brakes of the vehicle were pressed five seconds before it crashed into the road divider, a senior official said on Friday. He also said that a team of experts from Mercedes-Benz is scheduled to visit Mumbai on Monday from Hong Kong to carry out an inspection of the car. Mistry (54) and his friend Jahangir Pandole were killed on Sunday afternoon when their Mercedes car hit a road divider in Palghar district. Two other car occupants, Anahita Pandole (55), who was at the wheel, and her husband Darius Pandole (60) suffered injuries and were admitted to a private hospital in Mumbai. The accident had occurred on the Surya river bridge when they were on their way to Mumbai from Gujarat. "Mercedes-Benz has submitted its interim report to the police. It says that the car was running at a speed of 100 kmph a few seconds before the .

Mistry death: Experts call for better enforcement of seat belt regulations

To begin with, seat belts for rear passengers should be enforced at least on national highways when one is travelling at 70 kmph and above, say safety experts

Demand for luxury cars in India rises to a new high, buyers getting younger

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

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