SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 16 Oct, 2021  

Mercedes.9.Thmb.jpg Mercedes hopes to drive-in healthy growth

Mercedes.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 16 Oct, 2021
Luxury car maker Mercedes-Benz India expects to cherish the festive season 2021 with an accelerated rise in demand on the back of newer products as well as improving economic situation.

Accordingly, the luxury car maker has already witnessed a 'v-shaped sales recovery' in the June-September period.

The luxury automobile manufacturer retailed over 4,100 units during the July-September period, a growth of 99 per cent over 2,060 units off-take during Q3CY20.

It has already crossed the entire CY20 sales volumes in January-September 2021 period with the sale of 8,958 units and expects to better the tally during the festive season.

In a conversation with IANS, Martin Schwenk, Managing Director and Chief Executive Officer, Mercedes-Benz India said: "The current market is very strong. We are witnessing a 'v-shaped sales recovery' in the June-September period.

"Demand for the festive period is positive as we see a demand for our strong product portfolio and our aim is to deliver as many cars as possible to customers."

Schwenk cited the up-trend on a combination of factors such as product portfolio, strong market sentiment, availability of liquidity and opening up of economic activities across market.

"We currently see healthy demand for our products which we expect to continue. We have a positive market outlook for a sustainable growth in the mid to long term, for the luxury automotive sector. There is a rapid transition of consumer purchase pattern to digital consumption which will also add to the sustainable growth."

On new launches, Schwenk cited ‘Made in India' version of the new 'S-Class' as the highlight of the festive season.

"We also have a completely new portfolio comprising the A-Class, New GLA, New E-Class along with the GLE, GLS and GLC SUVs which are in very high demand and will be delivered to customers during the festive season."

In addition, he cited that India remains as an attractive market with a healthy mid to long-term market potential.

"The long-term attractiveness of the market will be even more with a consistent policy on demand creation, making automobiles affordable and sustainable and also identifying future trends worldwide."
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter