Luxury Car Sales: There are positive signs of consumption of luxury in our society. People are spending on buying small ticket items like coffee from big brands, buying costly mobile phones on EMIs, which is again a depreciating asset like a car. Santosh Iyer, MD and CEO of Mercedes-Benz India shares how the landscape of luxury car market has evolved in the country over the years and what the market leader is doing to keep up with the latest trends. He expects this segment in India to grow to about 80,000 units by 2030.
The German premium carmaker had earlier shared its ambitious plan of targeting all-electric sales by 2030 "where markets allow". In line with the electrification efforts for the India unit, Mercedes Benz offering customers several benefits for buying electric vehicles (EVs). This includes supporting them with one time Sustainability Loyalty Bonus, 50% road tax support in those states where road tax is applicable at the time of EV registration, and free charging for all EV users in the network. They are valid till the end of October.
Mercedes-Benz India: The German premium carmaker had earlier shared its ambitious plan of targeting all-electric sales by 2030 "where markets allow". In line with the electrification efforts for the India unit, Mercedes Benz offering customers several benefits for buying electric vehicles (EVs). This includes supporting them with one time Sustainability Loyalty Bonus, 50% road tax support in those states where road tax is applicable at the time of EV registration, and free charging for all EV users in the network. They are valid till the end of October.
Mercedes-Benz India plans to bring to the market the locally assembled EQS electric sedan in the fourth quarter of 2022 to add to the all-electric SUV EQC, which was launched as a fully imported unit in October 2020.