Mercedes-Benz India is aiming to post double-digit growth in sales volume during 2024 as it plans to launch over 12 car models during the year, says its managing director and CEO Santosh Iyer. The German carmaker, which leads the luxury car market in the country, recorded 10 per cent year-on-year (Y-o-Y) growth to 17,408 units in 2023. "For 2023, we always said that the growth would be in double digits.
Driven by a rise in sales during the current year, German luxury carmaker Mercedes-Benz said on Thursday that the company is expecting a growth in sales of around 8-10 per cent in the next few years. This comes at a time when the company is ready to surpass the previous highest sales of 15,538 vehicles (2018) in 2022. During the first half, the company sold 7,600 units. It already has an order bank of around 7,000 vehicles. In 2021, the company sold 11,242 vehicles.
Repeated increases in new luxury-car prices, driven partly by the rupee's depreciation against the euro, are expanding the market for certified pre-owned vehicles.
Nearly one in two luxury cars sold in India in the first three months of 2024 was a Mercedes Benz, which achieved its best ever quarter (January-March), selling 5,412 units, up 15 per cent year-on-year (Y-o-Y) from 4,697 units in the previous year.
The Chakan based manufacturer believes the E-Coupe has set new standards in its segment with its design and technology.
The GL hasn't been inspired by the boxy looks of the G-Class but Mercedes-Benz picked up the ML's design for the GL-Class.
DaimlerChrysler India on Friday announced the launch of the latest edition of its S-Class diesel, the S 320CDi L, and the premium Mercedes-Benz CL-Class, for the Indian market at the Brand Showcase in Mumbai.
This Mercedes-Benz model is based on the MFA platform that the A-Class is based on.
Mercedes Benz E-Class Cabriolet is certainly a head turner.
Announcing launches of not less than four of its dashing rides that are to take place over the next 6 months, Mercedes has definitely created tidal waves in the already raging waters of its arch rivals.
US would be the first market where Mercedes-Benz GLS would be available for orders and sales.
Power and torque outputs have been upped.
Ironically, the loss of the number one position happened at a time when Benz has grown at a record 80 per cent clip last year.
New Mercedes-Benz S-Class gets a power lift and cosmetic changes, says Joshua David Luther.
Mercedes-Benz India has been on a roll.
'We expect this festival buying spirit to continue in October as well, with upcoming festivities including Dhanteras and Diwali, which traditionally witness spirited buying from customers.'
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
This is Mercedes' 10th AMG model in India
It has, however, decided to go slow on plans to assemble the B-Class in India.
Mercedes-Benz G63 AMG made its India debut in a glitzy event in Mumbai on Tuesday.
It's in the looks department that Mercedes-Benz's new compact sports utility vehicle, the GLA, scores over its competition in the luxury segment.
Mercedes-Benz GL-Class SUV intimidates with its size, but it is an elegant machine for mature drivers.
Step on the gas and the power that propels the compact four-seater will take you by surprise as it hurtles towards the 80 kmph like a racing thoroughbred, never compromising any stability thanks to its rigid chassis and solid 1,600-kg kerb weight that gives it a well-planted feel along straights, corners and tricky lanes and roads, says Pavan Lall.
German luxury carmaker Mercedes-Benz on Friday said it will hike prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will be revised by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine, Mercedes-Benz India said in a statement.
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
Mercedes Benz brings sportier S63 AMG sedan to India
Luxury carmaker Mercedes-Benz launched an upper-end variant of its flagship luxury sedan E-Class in diesel version -- E350 -- making it the eighth of the planned 10 launches this year.
We drove in Italy what will be Mercedes-Benz's most affordable drophead offering in India - the new C-Class Cabriolet!
The new facility was completed within 13 months and is among the fastest green-field projects to be created. Spread across an area of 100 acres of land and with independent assembly facilities for passenger cars and commercial vehicles, the infrastructure can address future expansion, underscoring the long-term growth plans of the company in India.
While SUVs have steadily gained share across the industry, data shows that nearly three in 10 luxury vehicles sold in India are sedans, highlighting the segment's resilience despite years of SUV-led growth.
German carmaker Mercedes Benz on Tuesday launched a new version of its E-Class sedan priced at Rs 64.5 lakh (Rs 6.45 million)(ex-showroom Delhi), in a bid to strengthen its leadership position in the Indian luxury car market.
Electric vehicle (EV) penetration in the luxury car segment has seen a drop by nearly 3 percentage points in the GST 2.0 era with the internal combustion engine versions offering better total cost of ownership, according to industry players. While the trend is also visible in the mass market segment, it is the entry luxury segment that is witnessing a more marked shift towards internal combustion engine (ICE) vehicles as price difference between EV and ICE widened under the new GST rates.
The V-Class will be locally produced at the Mercedes facility in Chakan, near Pune, making it the second product, after the Mercedes-Maybach GLS, to begin local production.
The Maybach S650's focus on luxury would make a private jet's interiors appear pedestrian, says Pavan Lall. Does it mean it has no room for improvement?
Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023.
Priced at Rs 80.40 lakh, the GLS is definitely better-looking, better-equipped, and a more likeable version of an already successful full-sized luxury SUV
Mercedes-Benz India is looking at electric entry-level models to attract first-time luxury car buyers, as it sets eyes on another double-digit growth this year, its managing director and CEO Santosh Iyer said on Monday. The company, which launched all-electric entry SUV EQA 250 at an introductory price of Rs 66 lakh, has also introduced the new EQB 350 SUV (5-seater) priced at Rs 77.5 lakh and EQB 250+ SUV (7-seater) tagged at Rs 70.90 lakh (prices all India ex-showroom). It will also launch the EQS Maybach SUV and electrified G-Class models in India later this year.
'Since we have a long waiting period, customers will be able to see cars for the next one year which are going to be produced and block (book) them.' 'So, if there is a wedding or a birthday in October, they can already check its availability in that month and block it.'
'In the luxury car segment, the adoption of EVs is almost double compared to the mass market.'
