German luxury carmaker Mercedes-Benz on Thursday reported its highest-ever retail sales in a financial year in India in 2023-24, driven by strong demand for its SUV range. The company sold 18,123 units last fiscal, a growth of 10 per cent over 16,497 units in the 2022-23 fiscal. “We achieved the best-ever month, highest-ever quarter and … Read more
NEW DELHI: Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume … Read more
German carmaker Mercedes-Benz is looking to expand its presence in the smaller cities in India where demand for luxury models is expected to grow robustly over the next few years. The automaker, which on Wednesday introduced new GLA and AMG GLE 53 models, plans to enhance its sales and service infrastructure in the non-metro cities … Read more
Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim budget on February 1. “We expect capex … Read more
Luxury car sales in India scaled a record high of 42,731 units in 2023, up 20% year-on-year. Carmakers attributed the pickup in sales to a lifestyle change after Covid-19, making many younger professionals opt for high-end cars, and said the trend is expected to continue, citing rising disposable income levels. The growth potential of this … Read more
German luxury carmaker Mercedes-Benz is set to invest Rs 200 crore in India in 2024 and is gearing up to introduce more than a dozen new cars, including EVs this year. In 2024, Mercedes-Benz India is planning to introduce over 12 new vehicles, encompassing three electric models. Approximately half of these launches will fall within … Read more
