India can be among top five Maybach markets globally: Mercedes
The Hindu
India's luxury car market for Maybach vehicles is growing rapidly, with Mercedes aiming to be a top five market globally.
India has the potential to be among the top five markets globally for the Maybach range with demand for high-end luxury vehicles likely to grow steadily in the country, Mercedes-Maybach Head Daniel Lescow said on Tuesday (March 18, 2025).
Mercedes-Benz saw sales of Maybach portfolio increase over 140% year-on-year last year in India at over 500 units.
The luxury carmaker has further enhanced the range in the country by introducing the Maybach SL 680 Monogram Series, priced at ₹4.2 crore (ex-showroom).
Speaking to reporters in Udaipur, Mr. Lescow said that India is a very important market for the brand because of the country's evolved sense of luxury.
"India is already in the top ten markets for Maybach globally and going forward there is a potential to grow even further. In our view India definitely has the potential to grow into the top five markets for Maybach globally," he added.
Currently, markets like China, the U.S. and South Korea lead the sales volume for the brand globally, Mr. Lescow stated.
Terming India as one of the most important markets for the brand, he noted that there is an immense scope for further growth in the country.
Alphabet's $32 billion acquisition of cybersecurity startup Wiz to enhance Google Cloud's security and multi-cloud capabilities.
Rupee gains against US dollar amid positive equity markets, weak American currency, and volatile forex trading.
At present, Karnataka provides 24% reservations in civil works contracts for Scheduled Castes (SC) and Scheduled Tribes (ST), 4%, for Other Backward Classes (OBC) Category 1, and 15% for OBC–Category-2A. There had been demands to include Muslims under Category 2B of the OBCs with a 4% quota.
India's luxury car market for Maybach vehicles is growing rapidly, with Mercedes aiming to be a top five market globally.
LIC in talks with RBI for 50-year and 100-year bonds to meet long-term obligations, CEO Siddhartha Mohanty confirms.
Paytm Money obtains SEBI registration as research analyst, enhancing investment offerings for retail and institutional investors.
Equity indices Sensex and Nifty surge on global market optimism, bank stock buying; domestic cues positive.
Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source said.
Industry watchers expect Huang to spotlight Nvidia’s latest Blackwell line of graphics processing units (GPUs).
Bajaj Finserv acquires Allianz SE's stake in insurance JVs for ₹24,180 crore, increasing ownership to 100%.
Vikas Kaushal appointed as CMD of HPCL, with a background in Chemical Engineering and global management consulting experience.
Stock indices Sensex and Nifty rebounded by half a per cent, driven by global rally and banking stock buying.
Rupee gains against US dollar on positive global markets, but surge in crude oil prices limits sharp upside.