For Santosh Iyer, the drive is as much about the journey as it is about the destination - whether on the road or steering Mercedes-Benz India into the future
Annual sales of battery-electric cars (BEV) dropped by 23 per cent to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year
Mercedes-Benz began accepting bookings for the G 580 electric last year, and deliveries are expected to begin in the January-March 2025
Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger generations
German luxury carmaker Mercedes-Benz on Monday said Emrah Ozer has been appointed as its Chief Financial Officer for its Indian operations as part of an organisational change in its finance and controlling function effective since January 1, 2025. Ozer, currently associated as a Member of the Board of Management and Head of Finance & Controlling, Mercedes-Benz Otomotiv Turkey, will be inducted into the Board of Mercedes-Benz India as Executive Director in due course of time. He succeeds Evren Cakabey who has taken over as the Executive Director & CFO, Mercedes-Benz G GmbH, Austria, effective January 1, 2025, Mercedes-Benz India said in a statement. Commenting on Ozer's appointment, Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, said the company will benefit from his rich expertise in managing International Finance, business modelling and investor relations. "We are confident that Emrah, with his diverse international financial experience and proven track ...
The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'
The investigation came after a fire involving a Mercedes-Benz electric vehicle broke out in the city of Incheon on August 1
Mass-market EV sales dropped 10% year-on-year in August, but the luxury segment is seeing strong demand, with premium carmakers reporting a solid order pipeline
German luxury carmaker Mercedes-Benz on Thursday sounded confident of posting a double-digit growth this calendar year and said it is expecting the demand to remain good in the coming festive season on the lines of last year. Speaking with PTI at the launch of two new top-end car models, Mercedes-Benz India Managing Director and CEO Santosh Iyer said that the company is seeing growth in its electric vehicle portfolio also and it will come out with the electric version of Maybach in September this year. With the unveiling of the Mercedes-AMG GLC 43 4MATIC Coup and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively, the company has strengthened its top-end product range further. "We grew 9 per cent in the first half of 2024. Of course, quarter two is low seasonality and this year it was even low considering elections. But when we look at the third quarter it is again showing a good amount of bookings. The market is there. We are confident of a ...
Mercedes-Benz India wants the government to commit to continuity in policies that support electric mobility for the next eight to ten years, for stable and better planning towards zero emission mobility, its Managing Director and CEO Santosh Iyer said on Tuesday. Besides, the company feels that providing the incentives given to electric vehicles to hybrid vehicles will extend the timeline for transition to emission free mobility. The company, which had increased EV penetration to 6 per cent in the first quarter of 2024, from 2.5 per cent earlier, expects the momentum to carry going forward with three new EV models slated for launch this year, starting with the EQA next week. "A much more clear roadmap when it comes to taxation on EVs," Iyer told PTI here when asked about the company's expectations from the upcoming Union Budget. "We understand that the Budget may not address the GST topic, but at least if you are able to get a commitment that for the next eight to ten years, this k
Brussels seemed to have left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario, the Xinhua commentary added
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.
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
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, ...
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
The luxury car market in India could exceed 100,000 annual sales by 2030, says Region Overseas Head Sagree Sardien
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
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 GLA is available in three trims - GLA 200, GLA 220d 4Matic and GLA 220d 4Matic AMG Line
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