Mercedes-Benz Reports 38% Drop In sales At 2,058 Units For Q3

Mercedes-Benz said that it sold 5007 units in the January-September 2020 period and continued its sales recovery amid prevalent market challenges. Buoyed by a strong performance in September, the company’s monthly sales reached pre-lockdown levels for the first time, indicating a reviving customer sentiment due to the upcoming festive season. 

Mercedes-Benz India clocked these sales despite facing ongoing market challenges which are influenced strongly by the COVID-19 pandemic. The September 2020 sales underlines early signs of a gradual recovery influenced by a rejuvenated product portfolio, which is led by the new SUVs. 

Martin Schwenk, Managing Director & CEO, Mercedes-Benz India commented, “We are glad to witness a strong comeback in the course of the last quarter, with a significant increase from month to month within the third quarter. This performance is a result driven by our exciting product introductions, rolling-out of attractive financial packages, combined with the gradual pick-up in business and economic activities that has positively influenced customer sentiment. We are confident, the upcoming festive season will deliver further momentum for the recovering our sales development. We remain optimistic for the fourth quarter as the current demand situation and the feedback of the customers for our products is very positive.” 

Online sales focus continues: 

In view of the current situation, Mercedes-Benz India has strengthened its online offering. As part of its online sales focus, Mercedes-Benz India has been offering a complete online customer journey experience. The company has been collaborating closely with its retail partners to offer the best customer experience to Mercedes-Benz customers. In July-September 2020 period, Mercedes-Benz India online car booking contributed up to 20% of sales volume, underscoring the growing prominence of online sales platforms and the changing consumer preference for online shopping.