Mercedes Benz India
Indians get richer as ₹8.5 crore-plus net worth households jump 90% to 8.7 lakh, Mumbai leads: Hurun report
India's affluence is rapidly increasing, with millionaire households expected to surge by 90% to 8.71 lakh by 2025. Mumbai leads as the 'Millionaire Capital,' followed by Delhi and Bengaluru. Maharashtra tops the states with the most millionaire families, driven by a significant jump in GSDP, indicating strong wealth creation despite global economic uncertainties.
'FTAs won't make luxe cars cheaper, but model allocation could improve'
Luxury carmakers in India clarify that free-trade agreements (FTAs) with the UK and EU won't drastically reduce prices, as most models are locally produced. While FTAs may lead to increased allocation of imported vehicles and niche models due to lower duties, the impact on mainstream luxury car prices will be modest.
Mercedes-Benz chief Ola Kallenius urges India to cut high car tariffs, calls for policy rethink
Mercedes-Benz Group AG's chairman, Ola Kallenius, urges India to lower its high import tariffs on automobiles, citing the robust growth of the domestic automotive sector. He believes reduced tariffs, reciprocated by the EU, would spur economic growth and unlock India's potential as a major market for luxury vehicles.
Mercedes-Benz to hike prices in India early next year over forex woes
Mercedes-Benz India plans to hike prices next year. This is due to the rupee's fall against the euro. The company already raised prices this year. Santosh Iyer, MD & CEO, mentioned the need to cover the depreciation. He hopes the market can absorb higher prices if the economy improves. The company had earlier announced price cuts due to GST changes.
Tax sops on petrol, diesel cars to put EVs under festive season strain
Following GST rate rationalization, electric carmakers in India may need to offer more discounts or adjust pricing. The price gap between ICE cars and EVs has widened, making EVs less attractive, especially for models with ICE counterparts. While luxury EVs see muted impact, mass-market EVs face pricing parity challenges, potentially affecting sales momentum.
Q-comm's festive hustle gets faster; GST cuts taxing for EVs
Quick commerce companies are preparing for the festive season by adding dark stores. This and more in today's ETtech Morning Dispatch.
Mercedes expects this festive season to be best-ever; calls for uniform road taxes for long-term growth
Mercedes-Benz India anticipates a record-breaking festive season due to the recent GST rate reduction. MD and CEO Santosh Iyer highlights the need for uniform road taxes across states to maximize benefits for consumers. Iyer welcomes the GST rationalization but notes the automotive sector remains heavily taxed. He also points out the correlation between luxury car growth and economic development.
Car makers rev up targets for FY26 on higher bookings powered by GST cuts
Automakers in India, including Maruti Suzuki, Hyundai, and Mahindra & Mahindra, are increasing sales targets for this fiscal year following GST cuts on vehicles. Customer bookings have surged, leading manufacturers to project a 5-7% growth, a significant rise from the earlier 1-2% forecast. The industry anticipates continued momentum, fueled by positive consumer sentiment and rural market strength.
Luxury car buyers get festive cheer as Mercedes, BMW, JLR, Audi, and Volvo slash prices by up to Rs 30 lakh
India's luxury car market is set for a festive boost as GST 2.0 reforms lead to significant price reductions. Automakers like Mercedes-Benz, BMW, JLR, Audi, and Volvo are passing on tax benefits, with discounts reaching up to Rs 30.40 lakh. This move aims to further stimulate the growing luxury car segment, which saw sales exceeding 50,000 units in FY25.
GST 2.0: Aam aadmi and these 5 sectors are about to make a killing
India's recent GST reform, implemented on September 22, has brought welcome relief to both businesses and consumers. The tax adjustments have lowered the cost of essential goods and services, including healthcare and transportation. Industry leaders anticipate a significant boost in tourism and hospitality, with travel platforms already reporting increased bookings, particularly during the festive season.
GST 2.0: Consumer cos readying big festive splash to boost sales
Indian consumer companies, including Reliance Retail and automakers like Hyundai, are increasing marketing and advertising budgets by 15-20% this festive season, spurred by GST cuts effective September 22. These companies aim to attract customers with lower prices and boost sales. Sony India anticipates significant growth in large-screen TV sales, while Parle Products plans increased advertising to gain market share.
Mercedes-Benz plans to ship ‘Made in India’ cars globally, says Gadkari
Mercedes-Benz plans to boost its India operations. The company intends to export cars from its Pune facility globally. Nitin Gadkari shared this news at an auto event. Mercedes leadership is impressed with the production quality in India. The company sees India as a priority market. They will continue investing and scaling up local manufacturing.
Mercedes-Benz calls India a 'priority market', vows to keep investing despite impending EU-India FTA
Mercedes-Benz will keep investing in India. The company will not halt any plans. This includes boosting local production. The EU-India free trade agreement is coming. Mathias Geisen says India is a high-growth market. Mercedes-Benz has plans for different trade agreement outcomes. The company believes in free trade. It sees India as a priority market.
Clarity on GST rates at the earliest to help regain sales momentum in festive season: Luxury carmakers
Luxury carmakers in India anticipate a sales boost during the festive season, but uncertainty surrounding potential GST rate changes is causing consumer hesitation. Executives from BMW, Audi, and Mercedes-Benz urge swift clarity on GST to maintain momentum and encourage electric vehicle adoption. While the luxury segment previously outperformed the broader market, analysts predict more moderate growth due to economic headwinds.
GST panel calls for steep levies on luxury EVs in blow for Tesla, BMW
GST Council panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, Mercedes-Benz, BMW, and BYD sales. This proposal contrasts with Prime Minister Modi's broader tax reform efforts, which aim to reduce taxes on many goods.
Auto Inc sounds the horn against higher slab on premium EVs
Electric carmakers are raising concerns over a proposed GST increase on premium EVs, fearing it could hinder the growing adoption of clean mobility in India. The industry argues that maintaining the current 5% GST rate is crucial for price parity with ICE vehicles and sustaining long-term investments in the EV sector.
Mercedes says top-end car portfolio continues to drive growth in volatile mkt
Mercedes-Benz India reports that its top-end vehicle range is fueling growth amidst a fluctuating business climate. While the overall luxury car market anticipates a modest 4-5% growth, Mercedes experiences growth in its top-end and core segments, offsetting a decline in entry-level models. The company remains optimistic, citing strong macroeconomic factors despite market volatility.
Luxury car sales expected to surge during festive season
Luxury carmakers in India anticipate a demand surge this festive season after a sluggish first half, driven by positive market sentiment and a recent repo rate cut. Mercedes Benz India, experiencing strong growth in its top-end vehicles, expects improved momentum.
Uncertainty over UK-India FTA timeline stalls sales in India’s Rs 2,000-crore ultra-luxury car market
India's ultra-luxury car market faces uncertainty as the UK-India FTA's timeline remains unclear, causing affluent buyers to defer purchases, anticipating price drops. Brands like Rolls-Royce and BMW offer price protection, while others like JLR remain cautious. The FTA's exclusion of EVs and potential impact on non-British luxury brands add to the market's complexity.
Mercedes-Benz India's first-quarter sales hit record high on strong demand for top-end models, EVs
Mercedes-Benz India reports record sales. First-quarter sales increased by 10%, reaching 4,238 units. High-end models and electric vehicles drive growth. Demand for luxury cars rises in India. Top-end model sales increased by 20%. Electric vehicle sales doubled, now 8% of total sales. Core segment also shows 10% growth. Mercedes leads luxury vehicle sales in India.
GB Pant Institute of Technology-Mercedes-Benz India sign MoU for one-year course
Mechatronics initiative will focus on training students on mechanical, electronics and informatics expertise and other modern automation technologies.
Mercedes-Benz India plans price hike by 1-1.5% in September
Mercedes-Benz India will increase vehicle prices by 1-1.5% in September due to the weak rupee against the euro, marking the third price hike this year. Despite potential sales impacts, reduced interest rates are balancing EMI costs for buyers. The company anticipates flattish growth due to geopolitical issues but remains unaffected by rare earth magnet supply chain problems.
Expect double-digit sales growth this fiscal: Mercedes-Benz India
Mercedes-Benz India aims for double-digit sales growth with a focus on high-end models like Maybach GLS 600 and AMG S 63 E. VP Lance Bennett notes strong demand for top-end vehicles.
Mercedes-Benz India to hike prices by up to 3% from January 1
Mercedes-Benz India announced a price increase of up to 3% on its entire model range starting January 1, 2025. The luxury carmaker cited rising input costs, inflation, and higher operational expenses as reasons for the price hike, which will range from Rs 2 lakh to Rs 9 lakh depending on the model.
Mercedes Benz brings new E-Class in India, starting at Rs 63.6 lakh
The company has sold more than 46,000 units of the model in the country so far.
MPCB alleges non-compliance with environmental standards by Mercedes-Benz India
The Maharashtra Pollution Control Board (MPCB) found Mercedes-Benz India's Pune plant violating environmental guidelines. An inspection revealed non-compliance, leading to the forfeiture of Mercedes-Benz's bank guarantee of Rs 25 lakh. The company denied receiving formal notice but pledged to work with authorities and implement necessary corrective actions.
Mercedes-Benz reports 28 pc rise in sales in India at 11,469 units in Jan-Sep
"Our sales are at pre-pandemic level, having crossed CY 2021 sales numbers in the first nine months this year. The current market momentum gives us the confidence for striving to achieve our highest sales ever," Mercedes-Benz India Managing Director & CEO Martin Schwenk said.
Mercedes-Benz launches 2021 edition of SUV GLC at Rs 57.40 lakh onwards
The GLC was the highest selling SUV in Mercedes-Benz India portfolio in 2020.
Mercedes-Benz India sees accelerated growth in top-end car sales
According to the company's Vice President - Sales and Marketing - Santosh Iyer, the company, which sold 11,469 units in the January-September period this year surpassing what it sold in the whole of 2021, has seen 30 per cent of its sales coming from its top-end vehicles. Mercedes-Benz India had sold a total of 11,242 units in 2021.
Mercedes-Benz drives in GLB, EQB models in India
"Both these SUVs are highly versatile, spacious and ideal for large nuclear families requiring extra space and a pair of seats, for the pre-teens or even pets," Mercedes-Benz India Managing Director & CEO Martin Schwenk said in a statement.
Mercedes-Benz sales up 59% in Jan
Luxury car-maker Mercedes-Benz India on Monday reported a 58.81% jump in sales to 640 units in January, 2011, its highest-ever tally for the month in any year.
Mercedes-Benz sales up 51 per cent in February
Luxury car-maker, Mercedes-Benz India, today said it has clocked a 51 per cent jump in sales during February 2011, to 662 units as against 439 units in the same month last year.
Mercedes-Benz to increase prices by Rs 2-12 lakh across models from April 1
Mercedes-Benz India is raising prices on its vehicles in order to offset rising input costs, specifically the adverse impact of foreign exchange. Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI that the company has been tracking the Euro and the Rupee has depreciated against it in the past few months.
Mercedes-Benz rejigs sales, marketing unit; names Pradeep Srinivas as marketing head
Pradeep Srinivas was earlier helming the company's e-commerce, data management and system functions. In his new position, he will be responsible for managing Mercedes-Benz India's Marketing and Customer Journey function, the company said.
Mercedes Benz launches new E-Class at Rs 57.14 lakh
The new E220D E Class can touch from 0-100 in 7.8 seconds.
Mercedes-Benz inaugurates Auto Hangar 'MAR 2020' service center in Mumbai
Spread in 11,000 sq feet of space, the 'Mar 2020' service centre of Auto Hangar at Vile Parle suburb, which has a capacity to service over 3,600 cars per year with 10 servicing bays, is the fourth such facility in the country and the first one in the Western region, Mercedes-Benz India said in a release.
Fast paced growth of top end models jack up Mercedes’ average selling price in 2024
Mercedes-Benz India raised its average selling price by 6% to Rs 95 lakh in 2024, driven by strong demand for top-end models priced at Rs 1.5 crore and above. The company recorded a 12.4% increase in sales, reaching 19,565 units. In 2025, Mercedes-Benz plans to introduce eight new models and expand with 20 more touch points.
One out of 4 Mercedes-Benz cars sold in India in H1 2023 priced above Rs 1.5 cr
Mercedes-Benz India has reported its best-ever half-yearly sales in the country, with 8,528 units sold in H1 2023. The carmaker’s sales saw a YoY growth of 13% in the January-June period, compared to 7,573 units sold in H1 2022. Mercedes-Benz also said sales in the TEV (top-end vehicle) segment priced over INR15 million were up 54% YoY. The company introduced five new TEV products in 2023 and launched its 'Retail of the Future' business model.
Mercedes joins hands with DPIIT to support startups
The automaker said it has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to foster innovation, sustainability, societal development and entrepreneurship within the country's startup ecosystem.
Mercedes-Benz strengthens AMG portfolio; launches new products
The E 63 S 4MATIC+ comes with a 4.0-litre V8 biturbo engine (612 HP) mated with a nine speed transmission. The E 53 4MATIC+ on the other hand features an electrified 3.0-litre engine that produces peak output of 435 HP.
Mercedes-Benz India steals a march over rivals in EV race
Mercedes-Benz has also firmed up plans to launch three new battery electric vehicles this calendar year to further consolidate its position in the EV space. This will form part of the dozen new models the company plans to introduce during the year.
Mercedes-Benz appoints Emrah Ozer as CFO for India
Emrah Ozer is appointed as the Chief Financial Officer for Mercedes-Benz India, set to begin his role on January 1, 2025. He succeeds Evren Cakabey, who will take over as Executive Director & CFO of Mercedes-Benz G GmbH in Austria. Ozer brings extensive international financial experience, having managed multiple stakeholders in Mercedes-Benz Otomotiv Turkey.
Mercedes-Benz India H1 sales down 55 pc at 2,948 units
Mercedes-Benz India said it witnessed positive momentum in June 2020 sales, which showed first signs of a gradual recovery buoyed by a rejuvenated SUV portfolio that accounted for 57 per cent of total sales in the month.
Mercedes-Benz India appoints Lance Bennett as vice president for sales, marketing
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 in 2019 as CFO and moved into the position of General Manager and Company Director in the same year, the company said.
Mercedes Benz comes up with customised finance options for aspiring buyers
Mercedes-Benz India has launched financial solutions for customers looking to own its model range, including initiatives like 'Step-up EMI', 'Lower EMI with higher annual payout' and 'EMI Holiday', tailored to meet individual financial needs. Mercedes-Benz Financial Services MD & CEO Brendon Sissing introduced the 'Wishbox' financial solution for personalised options. Vice President Sales & Marketing Lance Bennett announced plans to unveil six new models in the latter part of the year.
Mercedes names Amrit Baid as head of marketing, customer experience
"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 Benz India hopes to get back on growth track next year
The company, whose sales declined 16% to 9,915 units in the nine months to September, is planning to launch a vehicle every month to attract buyers. Mercedes Benz India managing director Martin Schwenk told ET that the local market saw a turnaround in sentiment during the festive season. The company is optimistic it will be able to sustain the momentum.
Mercedes-Benz India restarts production at Chakan plant in Pune
"The production has begun with only the essential staff at the production facility, adhering to all the required social distancing protocols, and mandated safety and sanitization measures implemented," it said.
Budget should aim long-term holistic growth for auto industry: Mercedes-Benz India
"With stable policies and a clear road map for the sector, an accelerated growth can be achieved transitioning the industry swiftly into the emerging e-mobility era, putting the Indian auto industry on the global map," Mercedes-Benz India Managing Director and CEO Martin Schwenk said in a statement.
Mercedes-Benz brings all-new AMG A 45 S 4MATIC+ to India at Rs 79.5 lakh
The compact car is powered by a 2-litre turbocharged engine, producing 421 hp.
Luxe on wheels! New AMG 53 series SUV from Mercedes-Benz to hit Indian streets, bookings begin
Mercedes-Benz India had displayed the SUV at the 2020 Auto Show at Greater Noida in February.
Mercedes-Benz India posts record sales at 4,697 units in March quarter
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).
Mercedes-Benz India posts record half-yearly sales at 9,262 units
Mercedes-Benz reported a 9% growth in sales in India in the first half of 2024, reaching its highest ever half-yearly sales. The company's sales were 8,528 units in January-June 2023. The company plans to launch six new products in the second half of 2024. SUV penetration was 55% in H1 2024, with the top-end vehicle segment accounting for 25% of total sales.
Mercedes India CEO Martin Schwenk takes auto ride after his S-Class gets stuck in traffic jam in Pune
Mercedes-Benz India CEO Martin Schwenk shared the desperate incident in an Instagram post. Sharing a photo from his auto ride, he wrote, "If your S-class is stuck in traffic on the wonderful Pune roads - what do you do? Maybe getting off the car, start walking for a few KM's and then grabbing a rickshaw?"
Mercedes Benz India eyes double digit growth
Tamil Nadu was an important market for the vehicles in India, with 45 per cent growth, contributing 20 per cent to the pan India market and Coimbatore has showcased a robust 32 per cent year on year growth, Bennett said. "We are excited about the growth potential of Mercedes-Benz in Tamil Nadu. The TEV segment has witnessed robust growth in Coimbatore, underlining the segment's popularity," he said.
Mercedes-Benz appoints Vyankatesh Kulkarni as Executive Director, Head of Operations
Kulkarni will be responsible for the production and procurement-related functions, including the company's transformation journey into electrification, digitisation and technology-driven smart manufacturing prowess of the future.
Mercedes-Benz India Q1 sales up 34 pc to 3,193 units
Mercedes-Benz said the newly launched A-Class Limousine has received an overwhelming market as its deliveries for April and May months are already full.
Mercedes-Benz India sales rises 1.4% to 15,538 units in 2018
The company had sold 15,330 units in 2017, Mercedes-Benz India said in a statement.
When Mercedes-Benz India head Roland Folger's gesture left Steven Spielberg in tears
When it comes to his favourite celebrity, Roland Folger is all praises for Steven Spielberg.
Mercedes-Benz to set up 1,500-bed temporary hospital in Pune for Covid-19 patients
Besides, its employees will voluntarily contribute one day's salary, the amount of which will be matched by the company towards contribution to the Maharashtra Chief Minister's Relief Fund for COVID-19 pandemic, the company said in a release.
Mercedes Benz India Q4 sales break into positive territory after three quarters, extends lead in 2019
The company registered sales of 3871 units, registering a 3.3% year on year growth for Q4 and over 15.41% growth over Q3 of 2019 with the overall annual sales volume closing at 13,786 units for January-December 2019. The growth in Q4 was after three quarters of consecutive decline in 2019.
Mercedes launches GLE at Rs 58.9 lakh, replaces ML Class
Mercedes Benz India on Wednesday launched its premium luxury SUV GLE (previously M Class) in two variants- 250D and 350D — priced at Rs 58.9 lakhs and Rs 69.9 lakh, respectively.
Mercedes starts local assembly of AMG
The luxury-car maker now locally assembles 11 cars in India from imported kits rather than importing completely-built vehicles to attract lower import duties.
New CEO Roland Folger to launch Mercedes S600 Maybach
The launch of the S600 Maybach sedan next week will be a rare occasion, with both Eberherd Kern and Roland Folger present at the event.
Mercedes-Benz inks office space lease deal in city
Mercedes-Benz Research and Development India has leased the space for 5 years with an option to extend it by another 5, the developer said.
Rupee slide fuels Mercedes-Benz price hike
Mercedes-Benz India faced a 13% cost hike due to rupee depreciation against the euro, but passed only 3% to consumers via price hikes. Despite this, luxury buyers continue to splurge—over 70% of top-end cars are customised. Sales rose 10–12% in early 2025, aided by strong demand, lower EMIs, and localised production of key models.
Mercedes-Benz rolls out BSVI compliant S-Class at Rs 1.33 crore
The base variant S-350d diesel would be first the BSVI compliant car compatible with BSIV fuel.
Mercedes brings its AMG G 63 'Edition 463' and AMG GLS 63 to India, priced up to Rs 2.17 crore
This launch takes the German carmaker's SUV portfolio to eight products.
Mercedes Benz expects to report best-ever sales in India on the back of new GLC launch
Mercedes Benz expects to report its best-ever sales in India by launching its new SUV GLC and expanding sales in its core segment. The company plans to increase the percentage of sales in the core segment from the current 60% through the GLC, for which it received 1,500 bookings in the last two weeks. Additionally, Mercedes Benz plans to launch four more products by the end of the year and 10 in total in 2023. The company is on track to achieve double-digit growth in sales in 2022 and its best-ever sales yet in 2023.
India-EU FTA will change biz dramatically: Mercedes Benz India
The company, which today launched a new M-Class SUV priced at Rs 56.9 lakh and Rs 66 lakh, said it is looking to assemble more cars in India in the wake of government raising import duties on completely built units (CBUs).
High-end luxury car sales outpace the wider premium car market: Mercedes Benz India
Mercedes Benz India said that while the overall luxury car market was swiftly recovering in the country, the top-end of the market, with cars costing several crores of rupees, was growing at a much faster rate, which could be an outcome of the high growth in wealth of rich Indians last year and the phenomenon of revenge spending.
Mercedes-Benz unveils AMG GT 63 and GT 63 PRO in India: Prices start at Rs 3 crore
Mercedes-Benz India introduced the AMG GT 63 4MATIC+ and GT 63 PRO 4MATIC+ models. These high-performance cars feature hand-built engines and Formula 1 inspired technology. The GT 63 4MATIC+ accelerates from 0 to 100 km/h in 3.2 seconds. The GT 63 PRO 4MATIC+ is even faster with enhanced power and carbon fibre parts.
Mercedes ramps up production to meet rising demand, says India CEO
Mercedes Benz India has received mid-year vehicle allocations from its German headquarters and has ramped up production to reduce waiting periods for its products. The company has started a second shift at its plant. The waiting period for some of the CKD models assembled in India has come down to two months from the previous 4-5 months, while waiting periods for CBUs range from eight months for a GLS Maybach to 24 months for an AMG G63 SUV.
Mercedes-Benz launches country's first BS VI vehicle, new S Class, at Rs 1.33 crore
The Stuttgart-based luxury car maker has launched the car two years ahead of its deadline.
Mercedes Benz India sales grow 26% in March quarter
Interestingly, the global sales for Mercedes Benz fell 15% in the same period because of a lack of semi conductor supplies.The country's largest luxury car maker expects this growth momentum of over 25% to sustain, if not accelerate. This would mean, Mercedes Benz will be delivering one of its best years in annual sales in 2022, closing about 14,000 to 15,000 cars.
Mercedes-Benz to hike employee strength at Indian R&D unit
Mercedes- Benz said that it will increase its employee strength in the Indian research and development wing by up to two-third to 500 people by 2010.
Mercedes-Benz rolls in imported version of S-Class in India, price starting at Rs 2.17 cr
The new 7th generation S-Class comes in two variants, diesel S 400d 4MATIC and petrol S 450 4MATIC.
Mercedes-Benz re-opens booking of all-electric SUV EQC in India
"Mercedes-Benz (India) dealers across the 50 cities and 94 locations, will be equipped with EQC trained manpower and equipment to offer a hassle free ownership experience for the EQC owners," the company said in a statement.
Mercedes Benz looks to double India sales over the next three years
Luxury car sales continue to grow even after the festive period, indicating strong structural demand and giving confidence for higher sales projection, said Martin Schwenk, managing director of Mercedes Benz India.
Mercedes-Benz eyes 20 pc sales from pre-owned segment this year
"Still 18 to 20 per cent of our total car sales will come from used cars. So last year, if we did 16,000-odd cars, I will say 3,000 plus cars were used cars, about 20 per cent. Similar ratios will continue, I would say at 20-odd per cent," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI.
Mercedes-Benz will launch 10 new vehicles in India in 2023: Santosh Iyer
The company is looking at an overall double-digit sales growth this year, and as part of the drive it launched its 'AMG E53 4MATIC+ Cabriolet' model priced at Rs 1.3 crore on Friday. "The biggest growth for us in the last year has come from the TEV (top-end vehicle) segment, where we have grown by 69 per cent," newly appointed Managing Director & CEO of Mercedes-Benz India Santosh Iyer told PTI.
Mercedes to postpone launches over supply issues
The carmaker has also decided to increase prices across models by up to 5% (₹2-12 lakh) from April 1, which managing director Santosh Iyer said was due to an increase in logistic cost, weakening of the rupee against the euro, and upcoming regulations. The company had increased prices in January too.
Mercedes Benz India Q3 sales double, January to September sales grow 79%
Commenting on the strong sales performance, Martin Schwenk, MD, Mercedes Benz India, said the highlight of the company's year to date sales growth is the robust recovery in customer demand in the third quarter of the current calendar year. He attributed this to a combination of new product line-up and bullish market sentiments.
Mercedes-Benz overtakes BMW in India's luxury EV segment
Mercedes-Benz excels in India's luxury EV market, outselling BMW. Plans to launch new EVs this year. Dominates luxury car market. Confident in continued growth despite competition. Strong SUV demand. Limited impact expected from Tesla's entry.
Mercedes-Benz cars to be pricier by up to 3% from January 2020
Mercedes-Benz India attributes the price hike decision to increasing commodity prices and input costs.
Mercedes cars to be two per cent more expensive in 2017
Hyundai, Nissan, Toyota Kirloskar and Renault also plan to increase prices from January.
Mercedes sales dip marginally in Jan-Sep period at 11,789 units
Mercedes faced significant headwinds during the period under review due to various micro-economic factors like rising interest rates, inflationary hikes etc.
Mercedes India set to clock highest output in a quarter
Mercedes-Benz India, the country’s largest luxury carmaker, is set to clock its highest quarterly output in October-December, thanks to its established global supply chain, even as mainstream carmakers are struggling to maintain production levels in the face of a worldwide
Mercedes Benz offers customised finance options to lure customers back
Also, the company is providing ‘Step-Up 2020’ option, under which a customer can pay small sum as EMIs for the first six months of the contract and regular EMIs starting from the seventh month.
Mercedes-Benz launches 'Made in India' GLC at Rs 47.90 lakh
The GLC features permanent 4MATIC all-wheel drive and a Dynamic Select Controller with five driving modes.
Mercedes-Benz hints at further price hike in September
Mercedes-Benz India will hike car prices again in September by 1.5%, citing the Euro’s sharp rise against the Rupee. This follows two earlier increases in January and June. Despite this, the company expects strong retail sales, helped by RBI’s rate cuts and lower EMIs. It is also expanding its luxury retail footprint with 30 boutique-style ‘Atelier Experience’ outlets in 2025.
Mercedes-Benz launches electric SUV EQC at introductory price of Rs 99.3 lakh
The SUV is powered by a 80 kWh lithium-ion battery with a range of 445-471 km on a single charge.
Mercedes-Benz GLA, AMG GLA launched in India, prices start at Rs 42.10 lakh
The GLA 200 comes at Rs 42.10 lakh, while the GLA 220d is priced at Rs. 43.7 lakhs. On the other hand, the GLA 220d 4M is tagged at Rs 46.7 lakhs and AMG GLA 35 4M is at Rs.57.3 lakh (all prices ex-showroom India). Introductory prices are until June 30, 2021, the company said.
Mercedes-Benz India sales up 4% in FY25; expect RBI rate cut to spur demand: MD & CEO Santosh Iyer
The company's franchise partners are investing Rs 450 crore in the next three years to enhance the brand's footprint in emerging and existing metros.
Mercedes Benz sells 2386 units in Q1 2020
Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, “We started 2020 on a high note and our existing as well as newly launched products continued to draw customer traction till the time sales came to a complete stop, due to the current COVID-19 pandemic situation.”
Mercedes Benz to expand R&D headcount in India
Luxury car maker Mercedes-Benz India plans to revamp research and development (R&D) facility in India by increasing headcount to 1,000 engineers from 200 in its Bangalore facility, a senior company executive said.
Mercedes-Benz delivers 550 cars during Navratri, Dussehra
Commenting on the performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said, "the festive season this year has begun on a very strong note and we are glad to witness this positive customer sentiment."
Mercedes-Benz India enhances digital play, launches web check-in for service and real-time status updates
The German carmaker has also brought in 'Pay at your convenience' initiative.
SPMEPCI scheme to attract foreign players to invest, bring EV portfolio to India: Mercedes-Benz India CEO
Mercedes-Benz India believes the Scheme to Promote Manufacturing of Electric Passenger Cars in India will attract new foreign investment. These companies will bring their EV models to India. CEO Santosh Iyer also unveiled two new sportscar models. The company has already invested in local production. Iyer said they are managing supply chain issues well.
