Increase in input costs, exchange rates, and inflation has posed severe strain on the company's margins, it said.
Red Bull's Formula One World champion Max Verstappen took pole position for the Australian Grand Prix on Saturday with Carlos Sainz qualifying alongside on the front row for Ferrari two weeks after undergoing surgery for appendicitis.
German luxury carmaker Mercedes Benz plans to launch about eight new products in India this year as part of plans to continue with the double digit growth that it witnessed last year.
Except for March, when BMW recorded unusually high sales, Mercedes sales were ahead in the other months.
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.
The GLE will be available in two variants.
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
British ace racer Lewis Hamilton has said that he expects to be at Mercedes for years to come after he was crowned world champion on Sunday for the second time.
Germany's Nico Rosberg won Formula One's showcase Monaco Grand Prix for Mercedes on Sunday, 30 years after his world champion father Keke triumphed on the streets of the Mediterranean principality.
Formula One rolls into Malaysia this week for the second round of the championship at the Sepang International Circuit, where talk surrounding the utter dominance of Mercedes will for once take a back seat to the belated arrival of Fernando Alonso.
Sebastian Vettel led a Ferrari one-two at the top of the timesheets in final practice for the Bahrain Grand Prix on Saturday, ending the stranglehold of previously dominant champions Mercedes. Vettel lapped the Sakhir Circuit in a best time of one minute 31.683 seconds, 0.040 faster than team mate Kimi Raikkonen on the supersoft tyres. It was the first time this season that any driver from outside the Mercedes pairing of Nico Rosberg and triple world champion Lewis Hamilton had ended practice on top. Hamilton was quickest in all three sessions in Australia two weeks ago while championship frontrunner Rosberg led his team mate in Bahrain practices one and two on Friday. Rosberg was third fastest in practice three, his time of 1:32.104 slower than Friday when he did 1:31.001, with Hamilton fourth.
Formula One champions Brawn GP will compete next season as the official Mercedes factory team after the German carmaker announced a takeover on Monday.
Formula One world champion Lewis Hamilton won the British Grand Prix for the second year in a row on Sunday with Mercedes team mate and title rival Nico Rosberg finishing second.
However, the company is expecting a double digit growth during this year on the back of a host of new launches.
Britain's Lewis Hamilton won the Malaysian Grand Prix on Sunday, taking a pole-to-flag victory ahead of Nico Rosberg in a first one-two for Mercedes since they returned to Formula One as a works team in 2010.
Britain's Lewis Hamilton won the Bahrain Formula One Grand Prix on Sunday after a thrilling duel with Mercedes team mate Nico Rosberg.
He was sent to two days in 'police custody' by the Juvenile Justice Board on Monday, a senior police official said.
Mercedes will take a firm line with Lewis Hamilton and Nico Rosberg to make sure their clash at the US Grand Prix has no repercussions for the team, says motorsports director Toto Wolff.
Championship leader Lewis Hamilton put his Mercedes on pole position for the first Russian Grand Prix in Sochi on Saturday with team mate and title rival Nico Rosberg having to settle for second.
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.
No other car comes close to this engineering marvel.
The S 400 has a 3-litre, V6 petrol engine with a maximum torque of 480Nm and power of 324bhp.
The victory at Suzuka was the Dutch driver's 13th in 16 races this season and left him on the brink of a third world title.
Nick Heidfeld joined the Mercedes Formula One team as test and reserve driver on Thursday, completing a trio of Germans in a line-up led by Michael Schumacher and Nico Rosberg.
New mobile-optimized website can be readily accessed through multiple mobile devices.
Formula One takes a step into the unknown this weekend with its first Grand Prix in Azerbaijan but triple world champion Lewis Hamilton hopes the race will take him back to familiar territory.
Mercedes sells models ranging from A Class to Maybach, priced between Rs 28 lakh and Rs 1.67 crore.
Mercedes-Benz India bets big on India's growth story.
After becoming the 13th President of India, Pranab Mukherjee will not only have a change in designation and address, but also in his mode of transport. In place of his favourite bulletproof Ambassador, Mukherjee will get a swanky Mercedes Benz limousine to go around
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.
The design, however, is radical and takes flamboyance to a different level.
Max Verstappen took the 50th win of his Formula One career, and record-equalling 15th of the season
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 car major Mercedes-Benz India will extend its financial arm, Daimler Financial Services to India. A few approvals were needed from the authorities before it could begin operations, said Wilfried Aulbur, managing director and CEO, Mercedes-Benz India, in Pune today.
Nico Rosberg drew first blood for Mercedes in the new Formula One season with a dominant Australian Grand Prix victory on Sunday after pole-sitter Lewis Hamilton and world champion Sebastian Vettel retired with reliability problems.
Mercedes-Benz is one of the most iconic brands in the world.
Red Bull's Max Verstappen sang "Viva Las Vegas" after racing to a record-extending 18th victory of the season and joining Sebastian Vettel in third place on Formula One's all-time winners' list.
The company feels dynamics of used car space was changing fast in India owing to various financing options available to customers.
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