Mercedes-Benz

Mercedes-Benz is the market leader in the luxury car market of India with about 44 per cent share

Prices of all models to be hiked by 5% from April 1

Mercedes Benz, India's largest luxury carmaker aims to achieve a double digit growth in market share this year, a top company official said on Monday. The company sold 15,822 cars last year, the highest in the luxury segment and achieved double digit growth, Mercedes-Benz India Vice President Sales and Marketing, Lance Bennett told reporters here. He was speaking after inaugurating a revamped MAR20X showroom in the city, boasting of a dedicated MAR20X EQ Display and Exclusive Corner for Top End Vehicles (TEV). 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. According to Sharath Vijayaraghavan, executive director, Sundaram Motors, t

"This partnership will help people get work done safely, securely and comfortably in their vehicles," the companies were quoted as saying

The company on Friday launched this year's first top-end vehicle: convertible AMG E53 Cabriolet 4MATIC+ that is priced at Rs 1.30 crore (ex-showroom) and can sprint up to 100 km/hour in 4.5 seconds

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

Lohum has committed to lift a minimum of 50 MegaWatt Hertz (MwH) across multiple second-use modules a year from Mercedes-Benz Energy

Electric car-maker Rivian has put a pause on plans to co-develop multiple new electric delivery vans with luxury German automaker Mercedes-Benz

'We reached our highest (unit sales) number in the calendar year 2018. It was 15,538 units. We assume we should be able to cross this number'

'We reached our highest (unit sales) number in the calendar year 2018. It was 15,538 units. We assume we should be able to cross this number'

Spotlight turns on why middle class Indians use SIP for securing their financial goals

The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies

Luxury carmaker Mercedes-Benz India recorded a profit after tax of Rs 441.4 crore in the fiscal ended March 31, 2022, after two years of losses, according to financial data accessed by business intelligence platform Tofler. The company, which is not a publicly listed entity, had posted a loss after tax of Rs 107.1 crore and Rs 86.5 crore in 2020-21 and 2019-20 respectively. Revenue from operations in FY22 were at Rs 6,188.5 crore. This was the company's highest revenue after FY19 when it had clocked Rs 6,314.3 crore with a profit after tax of Rs 311.4 crore. In the fiscal ended March 31, 2021, the company's revenue from operations had dipped to Rs 3,639 crore with the pandemic impacting vehicle sales. In FY20, the company's revenue from operations was at Rs 4,819 crore, as per the Tofler data. Mercedes-Benz India's operating revenue in the year ended March 31, 2018 was at Rs 6,077.9 crore and it had posted a profit after tax of Rs 306.6 crore. In terms of unit volume sales, ...

Mercedes-Benz India has said it is witnessing an accelerated growth in sales of its top-end cars priced above Rs 1 crore, having sold 68 per cent more such vehicles in the first nine months of 2022. 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. "If I look at it internally, we are seeing 68 per cent growth in our TEV segment, which is our top-end luxury segment, compared to the overall growth of 28 per cent. Today, 30 per cent of our sales are in top-end vehicles, cars above Rs 1 crore price. So, that shows again the maturity of the Indian luxury car market," Iyer told PTI. Earlier, the luxury car market was more driven by entry level cars but today the mix is changing and the maturity is much highe

German luxury carmaker Mercedes-Benz on Wednesday reported a 28 per cent rise in sales in India at 11,469 units in the January to September period this year, surpassing what it sold in the whole of 2021. The company had sold 8,958 units in the same period last year, Mercedes-Benz India said in a statement. "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 India had sold a total of 11,242 units in 2021. The sales growth witnessed this year so far is despite supply shortages and has been on the back of a "young product portfolio, resurgent customer sentiment scaling up businesses and the ongoing festive period", the company said. The total order bank of Mercedes-Benz India as of September 2022 is over 7,000 units, it added. The company said high

Mercedes-Benz's first electric car in India was the EQC, launched in 2020

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

Globally, this car is priced at around $150,000 or Rs 1.2 crore; there's little surprise then that its price doubles to Rs 2.4 crore in India given the outlandish duties that CBU cars attract

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 applied 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. Meanwhile, the German automaker said in a statement that it was cooperating with the authorities in the investigation of the car crash and will share the findings only with them as it respects customer privacy and confidentiality. 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 occur

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