Mercedes Benz India

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

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 .

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

German luxury carmaker Mercedes-Benz will launch ten new vehicles in India in 2023 with majority in the over Rs 1-crore price category, which grew over 69 per cent last year, according to a senior company official. Mercedes-Benz India, which posted a record sales in 2022 at 15,822 units, had sold over 3,500 cars that are priced above Rs 1 crore last year. In 2021, Mercedes-Benz India had sold 11,242 units. Its previous best sales was achieved in 2018 at 15,583 units. 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. The company's top-end vehicles include S-Class Maybach, GLS Maybach, top-end AMGs, S-Class and GLS SUV, which are priced ...

'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

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, ...

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

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

EQS 580 will be offered with a dual-motor set-up, one on each axle. It develops 516 bhp and 856 Nm of peak torque and is paired with a 4Matic all-wheel-drive system.

Youngest and first Indian to be appointed for the top job

Priced upwards of Rs 2.45 crore ex-showroom, the deliveries of the completely built unit model will commence next month

"Now, we are really starting our aggressive offensive into the EV market. In the next five years, 25% of our sales (in India) will be electric," Martin Schwenk said.

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

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

The company had sold 1,664 units in the April-June period of 2021

Company says spike in order is driven by the new C-Class model that starts at Rs 55 lakh (ex-showroom).

The booking amount for the new C-Class is Rs 50,000 with bookings to open first for the C200 and C300d variants, followed by the C220d variant, the company said