Mercedes Benz: The premium carmaker s group sales rose 1.5% to just under 2.5 million, but fourth-quarter sales were down 3% for the Group and 4% in the cars division as a shortage in 48-volt battery systems and a model changeover for its E-Class limited output.
Mercedes-Benz plans a significant investment of €22 million in India in 2024, accompanied by the launch of over a dozen new cars, including electric vehicles (EVs). Emphasizing a focus on premium models, more than 50% of the new launches are set to be higher-end variants. Electric car sales tripled in 2023, constituting 4% of total India sales.
Cars News: Mercedes-Benz celebrates 30 years in the Indian car market with its highest-ever sales in 2023, delivering 17,408 units. SUV segment contributes 55% t
The same Mercedes was sold to three different buyers, but the dealership didn’t turn over its title because it didn’t have it. In one case, the dealership repossessed the car without warning, court records say.
Martin Schwenk, Managing Director, and CEO, Mercedes-Benz India said that the supply chain challenges continue and affect parts availability. The company, however, achieved its best annual sales in calendar year 2018 when it had sold 15,538 units after which challenges like the economic slowdown, the COVID-19 pandemic, semiconductor shortage, etc. hampered its growth rate.