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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

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 Benz to bring 3-4 electric vehicles into India in 12-18 months

Iyer said, "We have ethanol-friendly petrol engines, which are E-20 compliant; we have state-of-the-art diesel engines that are clean, and we have electric."

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

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

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

Mercedes-Benz in top gear, sees the highest ever June quarter sales

Deliveries in the first half of 2022 also advanced at a brisk pace, soaring 56 per cent to 7,573 units in the January-June period

Mercedes-Benz to assemble its EQS electric luxury sedan in India

Mercedes, which will be the first global luxury carmaker to assemble electric vehicles (EVs) in India, expects to start selling the locally-assembled EQS in the Indian market

Confident of better performance in India this year : Mercedes-Benz

German luxury carmaker Mercedes-Benz is confident of putting up a better performance this year in India despite the severe second wave of COVID-19, banking on learnings from last year's first wave and more confidence in its customer base, according to a senior company official. Having addressed the supply chain issues that plagued it last year, Mercedes-Benz India is also sticking to its original plan to bring 15 new products in the market this year despite the launch of its SUV GLA delayed by almost a month due to fresh surge in COVID-19 cases in April. "We learnt something in the first wave. We could see how quick the economic recovery was. Yes, the first wave was not as heavy as the second wave but it took only four to six weeks from the peak to a good fourth quarter. Now of course the situation is worse but there is more confidence in the businesses on how to manage it," Mercedes-Benz India Managing Director & CEO Martin Schwenk told PTI. He further said,"If I look from a ...

2021 will be one of the most product intense years: Mercedes-Benz India

The luxury car maker says its third quarter sales are back at pre-Covid levels

Mercedes-Benz India to offer full-range of vehicles online starting Friday

Under the used car business, more than 150 cars were sold online in the months of January and February in 2020

Mercedes to launch AMG GT-63 S, showcase A-Class limousine at Auto Expo

Besides, the company will unveil all-new A-Class limousine, showcase the new GLA and EQC Edition 1886 during the biennial show

Gave car keys to 600 customers across markets on Dhanteras, says Mercedes

German premium car maker Mercedes-Benz on Saturday announced opening of booking for its all-new SUV GLE, which is expected to be launched in India early next year

Sold 1.8 times more cars than our closest rivals: Mercedes-Benz India CEO

The luxury segment is down by more than 20% in the first nine months of 2019, says Martin Schwenk, MD & CEO, Mercedes-Benz India