Speculation about rising competition from global majors has led to shares of major Indian automobile manufacturers such as Mahindra & Mahindra (M&M), Maruti Suzuki India, and Tata Motors taking a hit on the BSE.
India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.
The company now offers seven different models of SUVs in India compared to two models a decade ago and contributes around 40 percent of sales up from 30 percent a couple years ago.
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The locally produced top-end model S 500 will be priced at Rs 1.39 crore or Rs 13.9 million (ex-showroom, Delhi) and will be rolled out from the manufacturing facility in Chakan, Pune, Mercedes-Benz India said in a statement, adding that this strategic move will help to cater to the increasing demand.
India's luxury auto market is rebounding after a slow start to 2025, with GST 2.0 emerging as the main catalyst.
Mercedes Benz India on Friday said it will enter the financing services business in the country, looking to further enhance its position after posting a new sales record for the third month in succession in September.
Force Motors Limited announced its highest-ever revenue and profitability for the fiscal year ending March 31, 2026, driven by growth across its Urbania, Trax, and Traveller platforms, as well as defence partnerships and international engine manufacturing.
German luxury carmaker Mercedes-Benz on Monday launched its all-new performance car 'AMG GLE 63 S 4MATIC+ Coupe' priced at Rs 2.07 crore (ex-showroom all India). The model is powered by a 4-litre engine, which produces a power of 612 hp. It is the 12th model available in India from the AMG performance car range of the company, Mercedes-Benz India said in a statement.
German luxury carmaker Mercedes-Benz India on Thursday launched the imported version of its new generation flagship sedan S-Class with a price starting at Rs 2.17 crore while it prepares to introduce a locally-produced variety of the model in the fourth quarter this year. The new 7th generation S-Class comes in two variants -- diesel S 400d 4MATIC priced at Rs 2.17 crore and petrol S 450 4MATIC tagged at Rs 2.19 crore.
Mercedes-Benz on Friday said it will announce the launch of a separate brand for pre-owned cars in December.
The launch boosts the company's presence in the performance SUV segment and takes Mercedes-Benz's SUV portfolio to eight products
Audi's 2015 sales were three per cent higher than its 2014 sales, which stood at 10,851 units.
On the back of a thriving domestic economy fuelled by an increasing appetite for consumption, global auto giant Mercedes-Benz is looking at developing a small car for the Indian market, a senior company executive said.
Amid mounting inflationary pressures, escalating material costs, and rising operational expenses, luxury carmakers Mercedes-Benz India and BMW India have announced price increases of up to 3 per cent on their entire model ranges effective from January 1, 2025. Mercedes-Benz India will revise ex-showroom prices by Rs 2 lakh to Rs 9 lakh, depending on the model. This adjustment will impact vehicles such as the GLC SUV and the high-end Mercedes-Maybach S 680 limousine.
German luxury car maker Mercedes- Benz on Friday reported 13 per cent increase in annual sales in India.
Electric passenger vehicle (PV) retail sales jumped more than twofold in September with Tata Motors (TaMo) leading the pack having over 6,000 registrations and a 40 per cent market share.
The share of EVs in the luxury segment rose from 7 per cent in January-May 2024 to 11 per cent during the same period in 2025, marking a 66 per cent growth in the electric luxury segment.
The company said that while the first quarter numbers were at the pre-pandemic levels, it saw a growth of 34 per cent in sales compared to the April to June period of 2020.
Cars with left-hand-drive option would be introduced globally later this year in Europe.
Sales jumped 32% as compared to the previous year
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
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.
Mercedes-Benz India will increase prices of its vehicles across all models by up to 2 per cent from January 1, 2016, to offset rising input cost.
About 99,165 electric cars were sold in India in 2024, but electric car penetration -- share of electric car sales in total sales -- was just about 2.5 per cent.
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.
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.
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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
While GST on ICE vehicles was brought down significantly, for electric cars it remained at 5 per cent.
New mobile-optimized website can be readily accessed through multiple mobile devices.
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.
it comes with a 5.5-litre V8 engine, with a displacement of 5,461 cc.
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
German luxury carmaker Mercedes-Benz India on Thursday said it will hike prices of select models by up to two per cent from January 1, 2022, to offset feature enhancement and rising input costs. At the same time, Audi announced a price increase of up to 3 per cent across its entire model range, effective from January 1 next year. Mercedes, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models.
The GLE will be available in two variants.
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.
However, the company is expecting a double digit growth during this year on the back of a host of new launches.
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.
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.
