Although the FAME II scheme by the Centre has not offered direct benefits for personal passenger vehicles, incentives like 5 per cent GST on electric cars will also help, they feel.
The move is aimed at bringing better financial health for its dealer partners while offering customers uniform transparent price, a wider choice of vehicles and a seamless purchasing experience.
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 ...
The A-Class launch is one of the 15 models Mercedes plans to launch this calendar year as it seeks to consolidate its leadership position in a market that has been stuck in the slow lane.
We think these new products drove in customer confidence into the brand and our customers appreciated this momentum, said Schwenk
The luxury car maker says its third quarter sales are back at pre-Covid levels
The automaker, which remains cautiously optimistic about its sales outlook in the country next year, noted that reduction in cess would help the luxury car segment in India attain critical mass
Alternative fuel like ethanol, methanol, bio diesel, electric and bio CNG besides LNG were the fuel for future and should be promoted, he said and added a roadmap was being readied for fuel policy
The company has taken a host of initiatives to boost customer sentiment and to bring back the confidence required
New GLS is 7th SUV in lineup, Offers Covid-19 Lab Navigation
Amid shuttered dealerships and deserted roads, leading car brands including Mercedes Benz, Honda Cars, Volkswagen, and BMW have embarked on campaigns and dedicated online portals
Under the used car business, more than 150 cars were sold online in the months of January and February in 2020
Schwenk talks to Pavan Lall about learning from foreign markets, issues that hold back luxury products sales in India and the route Mercedes takes to integrate with local systems and processes
The goods and services tax (GST) subvention is a clear sign of the government's support for EVs, he added
Besides, the company will unveil all-new A-Class limousine, showcase the new GLA and EQC Edition 1886 during the biennial show
Mercedes will also be the first luxury car maker to completely transition into BS-VI portfolio with petrol and diesel models shortly
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
The market leader in the luxury car segment has sold 6,561 units in first six months of calendar 2019, down 15% over the year-ago period
We will bring around 10 new models this year. Our global portfolio is huge, says CEO Martin Schwenk