German luxury car maker Mercedes-Benz is preparing to commence leasing vehicles to consumers in the Indian market by the end of this year. No other luxury car maker in the country currently offers vehicles on lease directly to customers.
The SLS AMG is powered by a 6.2 litre engine and it can go up to a maximum speed of 317 km per hour.
From attractive EMIs to assured buyback guarantees, luxury carmakers have lined up a slew of offers to woo customers this festival season to address dwindling sales amid rising inventories.
Audi's 2015 sales were three per cent higher than its 2014 sales, which stood at 10,851 units.
Sales jumped 32% as compared to the previous year
Armed with swanky showrooms, decked with plush fixtures, and offering indulgences such as high-end perfumes and customisable accessories, BMW, Mercedes, Audi are rolling out the red carpet for the well-heeled.
Luxury carmakers are shifting into high gear with a mix of product launches, personalised experiences and lifestyle-led engagement.
German luxury car maker Mercedes Benz on Friday said it will hike prices of its products across models by up to 10 per cent in India from next month.
In 2024 alone, South India saw the highest rise in sales in the luxury segment, with Tamil Nadu reportedly registering a 19.3 per cent increase in premium car registrations from 2022-23
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
The first all electric Mercedes AMG launched in India
The chasis of the three-axles vehicle will be made by Mercedes Benz while the body will be assembled by its Indian partner Sutlej Motors.
After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt. BMW India said in its FY22 financial statement that the company is focusing on growth and achieving profitability through induction of new products in the market, strengthening its dealership network, and improving customer satisfaction while reducing costs. The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore.
German luxury car maker Mercedes-Benz on Tuesday said it has commenced the local production of its AMG portfolio in India, and rolled out its first-ever locally made GLC 43 4MATIC Coupe. The company rolled out AMG GLC 43 4MATIC Coupe, tagged at Rs 76.7 lakh (ex-showroom), from its Pune facility on Tuesday.
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
Electric vehicle (EV) manufacturers breathed a sigh of relief after the GST Council on Wednesday night retained the concessional 5 per cent rate on EVs, though they now face competition from small petrol and diesel cars, which will attract a lower 18 per cent levy.
E-Class Coupe has state-of-the-art technology and high safety standards, which meets the needs of young individuals looking for a car that is athletic, striking and passionate.
Merc says it has completed offering petrol option along with diesel variants for all the models that it sells in India
Instead, the company wants to just focus on sales.
Equipped with a host of features including seats with massaging function, climate control, remote controlled door, 15 speaker surround sound system, the car also has agility control suspension system.
While Mercedes-Benz India expects 25 per cent of its India sales to come from EVs in the next four years, BMW says it estimates around 10 per cent of sales to come from those in the near future.
'And a majority will be in the top-end vehicle range.'
Mercedes-Benz joins the connected cars revolution with the launch of their app -- 'Mercedes Me'.
German luxury car maker Mercedes-Benz witnessed the best-ever first quarter this year since it started operations in India 15 years ago.
The new E-Class diesel variant carries an introductory price of Rs 43.65 lakh or Rs 4.36 million (ex-showroom Pune), while the petrol version is priced at Rs 40.73 lakh or Rs 4.07 million.
Mercedes sells models ranging from A Class to Maybach, priced between Rs 28 lakh and Rs 1.67 crore.
The diesel variants of the C-Class will be available as completely built units.
The company had announced its plan to launch 15 new products in 2015.
The S 400 has a 3-litre, V6 petrol engine with a maximum torque of 480Nm and power of 324bhp.
Carmakers Mercedes-Benz, Audi, Renault, Kia India and MG Motor on Wednesday announced plans to hike vehicle prices from January to partially offset the impact of rising input costs. They join the likes of market leader Maruti Suzuki India and Tata Motors, which have also made the year-end announcements to raise prices from next month. Audi India said it will increase prices of its entire model range by up to 1.7 per cent, while Mercedes-Benz India noted it will hike the prices by up to 5 per cent from January 1.
So far in the first nine months of 2014, Mercedes Benz India has sold 7,529 units, up 16 per cent from the same period last year.
The luxury car maker plans to recruit 1,000 people next year; in five years, research staff had jumped from 700 to 3,500.
Mercedes-Benz plans to sell more compact cars.
Many of these companies have a waiting period from 6-18 months now, indicating a rise in demand.
After banning registration of diesel cars and SUVS with engines above 2,000 cc in December last year till March 31, the Supreme Court has extended the ban until the next hearing which is expected in July
German luxury car maker has expanded its product offering with the launch of 11 products this year.
Gold sales on Dhanteras are estimated to drop 10 per cent in volume terms year-on-year on sharp 33 per cent annual rise in rates of the yellow metal, according to industry players. Since Dhanteras -- the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils -- is celebrated on two days till 1.11 pm on Wednesday, jewellers are expecting more footfalls in both online and offline stores.
The Maybach GLS 600 4MATIC is the first-ever SUV offering in the company's ultra-luxurious 'Mercedes-Maybach' range. It is the only second Maybach model to be rolled out in the Indian market, following the Mercedes-Maybach S-Class.
As many as 11 Mercedes models are impacted by the ban.
The German auto maker is clawing back up the brand charts as it fights off competition from Audi, BMW in the Indian market.
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