Mercedes-Benz India Sales Fall 18.6% In First-Half Of 2019
Mercedes-Benz India has announced, it sold 6561 units in the first six months of 2019. The company clocked satisfactory sales performance under continuing strong macro-economic challenges that comprise rising interest rates, inflationary hikes, liquidity crunch, rising import costs, all leading to muted customer interest. Despite these factors and challenges, Mercedes-Benz India continues to lead the luxury car market in India.
Martin Schwenk, Managing Director & CEO, Mercedes-Benz India commented: “We are glad to maintain the leadership position in the luxury car market by sustaining our sales performance despite facing continuous macro-economic headwinds and a temporary limited availability of volume models. We expect sales to recover gradually from the third quarter, however, conditions would continue to remain challenging. We are excited to retain our customers’ loyalty and sustain market leadership by continuing our customer-centric initiatives. As a fundamentally strong brand, Mercedes Benz continues to remain bullish on the mid to long term prospect of the dynamic Indian market”
The volume drivers for Mercedes-Benz India in the January-June 2019 period remained the Long Wheelbase E-Class as it continues its successful run with the Indian customers. The new C-Class and the GLC SUV also contributed to the sales volume. The AMG and the Dream Cars segment, however, grew the highest by 47% and outperformed the other segments in H1 2019.
