Mercedes Benz India mulls unveiling two more luxury cars in CY24 priced at over ₹1.5 cr.
The Hindu
Mercedes-Benz India plans to launch two luxury cars above ₹1.5 crore, aiming for double-digit growth in 2024.
Buoyed the success of its earlier launches, Germany luxury car maker Mercedes-Benz India is planning to surprise its customers by rolling out two more top-end luxury cars priced at more than ₹1.5 crore for the Indian market in the coming months, said a top company executive.
“Earlier, we said that we will be rolling out 12 new cars. Today, we are unveiling three more making it 12 in a row,” said its MD & CEO Santosh Iyer during an interaction.
But, we are also planning to launch two more top end luxury cars in November and December, which would be priced above 1.5 crore, taking the total to 14 cars.
Reiterating that they are expecting to maintain double digit growth for CY24, he said they are eagerly looking forward for the Diwali season to maintain growth momentum for the year.
According to him, MBI recorded it’s best-ever Q3 sales performance and also concluded highest-ever sales in it’s history for the January-September period.
The carmaker delivered 14,379 cars, up 13% of which 5,117 units, a 21% YoY growth, in Q3 alone. Battery Electric Vehicles grew by 84% and it was 140% over the year ago period. BEV penetration to total sales was 6% (2.5%).
“This resounding success in an otherwise challenging market underscores the strength of our desirable products, our elevated service experiences and an unmatched value proposition of our financial services,” he said.
Viatris faces U.S. FDA import alert for products from Indore plant, exceptions made for certain shortages.
xAI’s Grok may soon come to an iOS app as the company announced its Series C funding round of $6 billion.
Biocon and Zentiva receive EU approval for Liraglutide, a complex formulation for diabetes and weight management.
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Microsoft has been working on adding internal and third-party AI models to power Microsoft 365 Copilot.
China's dominance in critical minerals poses supply chain vulnerabilities for India, US, and EU nations, requiring strategic diversification efforts.
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
ICAI President investigates auditing lapses at Byju's, disciplinary committee probing, details undisclosed, part of ongoing investigations.
Sensex and Nifty rebound sharply after steep decline, driven by value buying, bluechip stocks, and global market rally.
AS-IT-IS Nutrition aims for ₹300 crore GMV in 2025 with ATOM range, endorsed by Ravindra Jadeja.
Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.