Mercedes-Benz India posts 5% rise in March quarter sales
German luxury carmaker Mercedes- Benz Monday reported 5.3 percent increase in retail sales in India at 2,009 units in the quarter ended March 31, backed by higher sales of E-class model.
Mumbai: German luxury carmaker Mercedes- Benz Monday reported 5.3 percent increase in retail sales in India at 2,009 units in the quarter ended March 31, backed by higher sales of E-class model.
The company had sold 1,908 units in the corresponding quarter of the previous year, Mercedes-Benz India said in a statement here.
The E-Class has been the single largest contributor to the sales volumes in the quarter with more than 800 units sold, registering 25 percent growth over the corresponding period in 2012, it said.
Besides, other models such as AMG range, the SLK-Class and the CLS-Class together clocked 48 percent growth over the corresponding period of 2012.
"Given the overall strain in the domestic economy and fact that the passenger vehicle market has de-grown by double digits in Jan-Feb period, the 5.3 percent growth is quite encouraging," Mercedes-Benz Managing Director and Chief Executive Eberhard Kern said.
The company envisages a double-digit growth in the next quarter, which is expected to come after some new products are rolled out in the domestic market.
Company sources said the new roll-outs include SUV GL-class in May, diesel variant of B-class model as well as new E-class and A-class models by June.
While the carmaker assembles its C, E, S and ML (SUV) models at its Chakan plant in Pune, the AMG range, SLK-class and the CLS-class are imported as completely-built units.
The Chakan plant has an annual capacity of 20,000 units and it can be ramped up to 40,000 pieces.