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Mercedes-Benz launches Rs 1.10 cr luxury MPV in India
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SME Times News Bureau | 07 Nov, 2019
The sales trend for luxury car
maker Mercedes-Benz India is positive in this segment, and from second
half of the next calendar year, the turbulence caused by migration from
BS IV to BS VI emission norms would settle down, a top company official
said on Thursday.
The comments were made by Mercedes-Benz India
Managing Director and CEO Martin Schwenk, who was here to launch the
comnpany's Rs 1.10 crore luxury multi-purpose vehicle (MPV) V-Class
Elite.
Speaking to reporters after thge event, Schwenk said:
"During the festival season we delivered 800 units. This year we crossed
sales of 10,000 cars early October. We sold 11,789 units during the
first nine months of 2018. Last calendar year we sold 15,338 units."
According
to him, sales during the fourth quarter of the current year will be in
line with the sales logged during the corresponding period in 2018.
He said the luxury car market might have de-grown by 15 per cent in 2019 as compared to 2018.
Schwenk
also said that the purchase of BS IV emission compliant vehicles ahead
of April 2020, when such vehicles would be marketed, is not expected to
happen.
He said Mercedes-Benz India will stop rolling out of BS
IV vehicles by the end of this year, and from January 2020 onwards the
company will roll out BS VI cars.
According to him, early in 2019
the company took decisions on managing inventories, profitability of
the dealers and other aspects of the business to manage the downturn.
Speaking
about the company's new offering V-Class Elite, Schwenk said the MPV is
powered by a 1950cc diesel engine and has features like luxury seats
with massaging function and climate control, centre console with
refrigerated compartment, Burmester surround sound system with 15
speakers giving an output of 640 W and other optional features.
The Spain-made car is imported to India.
He said the company will showcase a broad range of modes at the upcoming Auto Expo to be held in Delhi.
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