Mercedes-Benz India Registers Best-Ever Quarterly Results

Mercedes-Benz India has had a solid start to 2018. The company posted its best ever numbers for the period of January 2018 - March 2018 with 4,556 units sold, posting a growth of 24.8 per cent. In the same time frame, last year, Mercedes-Benz sold 3,650 models. The company also had the best-ever sales showing during FY2017-18 with 16,236 units sold, registering a growth of 22.5 per cent. During the last fiscal (FY2016-17), the company sold 13,259 units. It says that the chief driver for SUV sales was the GLC, which registered growth in double digits, while the E-Class long wheelbase was in high demand amongst the Mercedes-Benz sedans.

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Roland Folger, Managing Director & CEO, Mercedes-Benz India commented, "2018 began with a positive note for the brand, though the spike in Q1 sales can be attributed to the advancement of sales due to the impending price correction, triggered primarily by the increase in basic custom's duty. It might be a challenge to sustain this momentum in the coming quarters and we are cautiously optimistic. As the luxury industry volumes are comparatively low, the focus should remain on helping the industry grow by creating demand. A rise in demand would translate in increased production and thus, lead to significant revenue generation, and would support the 'Make in India' initiative."

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The company also said that it is committed to launching 10 new models in 2018, of which three have already been launched which are the Mercedes-Benz S-Class Facelift, the Mercedes-Maybach S650 and the S560 (we count them as one) and the recently launched Mercedes-Benz GLS Grand Edition. So, there are seven more new launches on the way from Mercedes-Benz before 2018 comes to a close.