Mercedes-Benz posts nearly 100% domestic sales growth in September

German premium car maker Mercedes-Benz on Wednesday reported nearly 100 per cent growth in sales at 4,101 units in the domestic market in September of the current year.Mercedes-Benz India had sold 2,058 cars in the Indian market in the July-September period of 2020.The strong rebound in sales particularly in Q3 2021 retail, reflects the continuous V-shaped recovery witnessed since the pandemic affected second quarter (April-June), owing to the return of economic activities, a stable economy at large and an overall positive market outlook.With this robust Q3 sales performance, Mercedes-Benz India sold 8,958 units in the January-September 2021 period, a growth of 78 per cent over 5,007 units sold in the same period last year, backed by a completely new product portfolio and resurgent customer sentiment, the company said.

Mercedes-Benz’s strong year-to-date sales growth which is highlighted by a robust recovery in customer demand specifically in Q32021, is backed by a combination of new product line-up and also bullish market sentiments, said Martin Schwenk, Managing Director and CEO, Mercedes-Benz India,Mercedes-Benz India expects the upcoming festive season to continue this sales momentum and create additional demand, Schwenk added.

We already have crossed our 2020 numbers in the first nine months this year, and the current market momentum gives us confidence for the festive season, he said.He said the company’s product offensive for the Indian market this year is far from over and the customers can expect some of the most exciting vehicles lined-up for their India debut this quarter.It will be our endeavour to produce as many cars as possible to cater to the unprecedented demand, secure our supply chain and continue to mitigate the current challenges faced by the entire auto industry. We are cautiously optimistic with our sales outlook for the upcoming months, he added.The company also said that a strong order bank for its electric SUV EQC continues with encouraging customer interest for the next batch of the vehicle that arrives in October.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.Support quality journalism and subscribe to Business Standard.Digital Editor

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Hong Kong urges residents fretting over COVID measures not to panic thumbnail

Hong Kong urges residents fretting over COVID measures not to panic

Patients sleep at a makeshift coronavirus disease (COVID-19) treatment area, outside a hospital in Hong Kong, China March 1, 2022. REUTERS/Tyrone SiuRegister now for FREE unlimited access to Reuters.comHONG KONG, March 2 (Reuters) - Hong Kong's government said any decision to impose a COVID-19 lockdown would take into account the global financial hub's status and…
Read More
Bela olovka za oči preuzeće primat na prolećnoj mejkap sceni! thumbnail

Bela olovka za oči preuzeće primat na prolećnoj mejkap sceni!

Bela olovka za oči biće u fokusu ovog proleća, i to ne samo u unutrašnjim uglovima očiju, za šta možemo da zahvalimo Dioru. Bela olovka svakako nije nova mejkap alatka. Većina vas sigurno je već koristi. Osim što akcentuje pogled i kompletnom licu daje svežinu, ona vizuelno i povećava oči. Za dnevni mejkap najbolje je…
Read More
Son dakika... Putin thumbnail

Son dakika… Putin

Beyaz Saray'dan gönderilen basın notuna göre Biden ile Putin arasındaki telefon görüşmesi ABD Doğu saatiyle 12.06'da (TSİ 20.06) tamamlandı. 1 saat 2 dakika süren telefon görüşmesine ilişkin Beyaz Saray'ın yazılı bir açıklama yapması bekleniyor. Dün ABD Ulusal Güvenlik Danışmanı Jake Sullivan'ın "Rusya Ukrayna'da işgale her an başlayabilir." şeklindeki açıklamasının ardından gözler bugün Biden ile Putin…
Read More
Eliminatórias: Brasil encara Equador que ainda luta por vaga na Copa thumbnail

Eliminatórias: Brasil encara Equador que ainda luta por vaga na Copa

Por Agência Brasil Publicada em 27/01/2022 às 16h23 Já classificada para a Copa do Mundo do Catar, a seleção brasileira enfrenta o Equador às 18h (horádio de Brasília) desta quinta-feira (27), na capital Quito, em jogo da 15ª rodada das Eliminatórias Sul-Americanas. O adversário ainda busca garantir vaga no Mundial deste ano: ocupa a terceira…
Read More
Mitch McConnell leads Republicans in profiting off of corporate price hikes thumbnail

Mitch McConnell leads Republicans in profiting off of corporate price hikes

As millions of Americans buckle under the weight of record-breaking inflation, Republicans in Congress have remained adamant that President Biden, or rather "Bidenflation," is the main culprit of price increases across the board, dismissing concerns of corporate profiteering out of hand. But a new analysis reveals that Republicans are collecting millions of dollars in donations…
Read More
Index Of News
Total
0
Share