Page 2 - Mercedes India

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

Mercedes-Benz expects India to be its fastest growing market this year too

German luxury carmaker Mercedes-Benz expects India to be its fastest growing market globally, maintaining the feat that it had achieved last year as well, according to a senior company official. Mercedes-Benz India, which had planned to launch ten new products this year, is delaying some of the launches, pushing it to the second and third quarters of 2023 (calender year) due to supply chain constraints with an aim to avoid further increasing the waiting period of its products. "I still see India to be shining among all the other countries. When we see our global reports the growth is still there in India even in the first two months of the year. (It is) too early to call for the full year but if I have to go by the first two months results, it is quite strong and positive compared to many other markets across the world," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He was responding to a query on whether India can continue to be the company's fastest growing .

Mercedes expects double-digit growth in India this year despite weak rupee

Mercedes plans to launch 10 new cars in India in 2023, most costing more than 10 million rupees ($120,000)

Mercedes-Benz India sold 15,822 units in 2022; key models drove the growth

According to the company, it has retained its leading position in the luxury car market in India by selling 15,822 units last year, up from 11,242 units sold in 2021

Lance Bennett to be vice-prez for sales, marketing at Mercedes-Benz India

Luxury carmaker Mercedes-Benz India on Monday said it has appointed Lance Bennett as Vice President, Sales and Marketing, with effect from February 1, 2023. Bennett -- currently General Manager and Company Director, Mercedes-Benz New Zealand responsible for sales, marketing and after-sales support for passenger cars -- will succeed Santosh Iyer who is elevated as the Managing Director and CEO of Mercedes-Benz India, effective January 1, 2023, the company said in a statement. "We are confident that Lance, with his international market experience and proven record of driving customer excellence, will continue the growth momentum of Mercedes-Benz in India," Mercedes-Benz India Managing Director & CEO Martin Schwenk said. Bennett started his career with Mercedes-Benz New Zealand in 2005 as a management accountant and went on to hold several senior positions within the automotive industry, including postings in the US, Australia and New Zealand. He re-joined Mercedes-Benz New Zealand ..

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

Stringent implementation of traffic norms necessary: Mercedes-Benz India MD

There is a need to strictly follow road safety rules and stringent implementation of traffic norms in order to bring down fatalities due to accidents in the country, Mercedes-Benz India Managing Director & CEO, Martin Schwenk said on Thursday. With the death of former Tata Sons Chairman Cyrus Mistry in an accident involving a Mercedes-Benz vehicle earlier this month bringing back road safety issues on the forefront again, he said there is not much of a gap as far as regulations are concerned but enforcement needs to be stricter. "If everyone would behave as per the regulation, we would already have a significant reduction in road fatalities, and that's for two-wheeler, three-wheeler and four-wheeler," Schwenk told PTI here on the sidelines of SIAM annual session. He said the unfortunate death of Mistry has brought back "road safety on the agenda in a different way". "We have in India historically around one 1.5 lakh fatalities in a year on the roads," he lamented. The gap is not .

Top cars to be launched in India this Sept, just ahead of festive season

From Hyundai Motors to Maruti Suzuki and Toyota, all major market players will be ramping up their SUV offerings, giving consumers a variety of options

Santosh Iyer to lead Mercedes in India as Martin Shwenk moves to Thailand

Youngest and first Indian to be appointed for the top job

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

Mercedes-Benz EQS launch: Check timing, expected price and specifications

Mercedes-Benz will launch the first S-Class electric car today. Read this article to know the performance, features, design, launch timings, specifications and expected price of the vehicle

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

Supply chain constraints to continue to affect auto sector: Mercedes-Benz

The semiconductor shortage issue and supply chain constraints that have plagued the auto industry are unlikely to be resolved this year, said Mercedes-Benz India MD and CEO Martin Schwenk

Mercedes delivers first ever unit of AMG GT Black Series in India

German luxury carmaker Mercedes-Benz on Friday said it has delivered the first-ever unit of AMG GT Black Series in India

Mercedes-Benz India posts 26% rise in sales at 4,022 units in FY 22Q1

Mercedes-Benz India on Friday reported a 26 per cent jump in sales at 4,022 units in the first quarter of 2022, riding on robust demand for both its SUVs and sedans

High-end cars in high demand but supply a huge issue: Mercedes India MD-CEO

Mercedes' new generation imported and locally assembled Maybach goes on sale in India