Mercedes says top-end car portfolio continues to drive growth in volatile mkt
on Tuesday said its top-end model range continues to drive growth for the automaker amid a volatile business environment.
In an interaction with PTI, Mercedes-Benz India MD and CEO
Santosh Iyer
said that the overall domestic
luxury car market
growth is pegged at around 4-5 per cent year on year.
Finance
Value and Valuation Masterclass - Batch 4
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
Finance
Value and Valuation Masterclass - Batch 3
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals
By Vaibhav Sisinity
View Program
Finance
Value and Valuation Masterclass - Batch 2
By CA Himanshu Jain
View Program
Finance
Value and Valuation Masterclass Batch-1
By CA Himanshu Jain
View Program
He noted that demand is flattish as compared to last year for the industry.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Undo
"Considering all the
geopolitical developments
happening around us, the growth may not be there as much as what we have seen in the previous years, but it is still there," Iyer stated.
For Mercedes, the top end vehicle and core segments continue to grow while the entry level vertical has de-grown, he noted.
Live Events
"With eight launches in 2025, our top-end luxury vehicle strategy has been very successful, garnering immense customer response and elevating the desirability of Mercedes-Benz in the market," Iyer said.
"So yes, we are not seeing that double-digit kind of growth momentum that we saw in the previous year, but still, flattish to single-digit growth is there," he added.
He noted that while there are some headwinds, the industry is also witnessing some tailwinds, which augur well for the growth in the coming quarters.
Iyer cited
GDP growth projections
and record
GST collections
this year as some of the positive factors.
"Obviously, macros are strong and they should not affect the fundamental position. But yeah, it's a volatile market, for sure," he added.
The German Luxury carmaker on Tuesday launched AMG CLE 53 4MATIC+ Coupe priced at Rs at 1.35 crore (ex-showroom, India).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
23 minutes ago
- Economic Times
India commends push for peace by Donald Trump and Vladimir Putin
Synopsis India lauded the US-Russia summit in Alaska, emphasizing dialogue and diplomacy for resolving the Ukraine conflict. The MEA urged Ukraine and the EU to prioritize a swift peace settlement. Trump hinted at a possible delay in implementing additional tariffs on India for Russian oil imports, following productive talks with Putin, signaling potential relief from further sanctions. PTI **EDS: THIRD PARTY IMAGE** In this image posted by @mfa_russia via X on Aug. 16, 2025, US President Donald Trump and Russian President Vladimir Putin during a joint press statement after their meeting, at Joint Base Elmendorf-Richardson, in Anchorage, Alaska. (@mfa_russia on X via PTI Photo) (PTI08_16_2025_000200B) New Delhi: India on Saturday welcomed the Summit meeting in Alaska between US President Donald Trump and President Vladimir Putin of Russia and noted that their leadership in the pursuit of peace is highly commendable. "India appreciates the progress made in the Summit. The way forward can only be through dialogue and diplomacy. The world wants to see an early end to the conflict in Ukraine," MEA spokesperson said in a statement. This in a indirect message to both Ukraine and the EU to focus on an early peace settlement instead of dragging the war. Highly placed told ET that the ball is now in the courts of Ukraine and EU to work towards peace and final settlement. Earlier India had endorsed the Summit and suggested that it can contribute to the efforts. India is hoping that a ceasefire could lift additional 25 per cent tariffs imposed on it on account of buying Russian oil which Trump claimed is fuelling "war efforts". Meanwhile US President Donald Trump has suggested he may put off implementing secondary or penalty tariffs as a result of the talks with Russian President Vladimir Putin indicating that India may not be facing any extra secondary sanctions over and above 50 % tariffs. In an interview to US's Fox News after the talks, Trump said that he would consider the question of the penalty tariffs on Russian oil in "two or three weeks". Asked about tariffs on China which imports even more oil than India, Trump said that "because of what happened today, I think I don't have to think about that now," adding, "I think you know, the meeting [with Putin] went very well".
Time of India
35 minutes ago
- Time of India
What is 'WhatsApp Screen Mirroring Fraud' that can empty your bank account in few seconds and simple tips to protect yourself from it
Scammers use sophisticated trick called WhatsApp Screen Mirroring Fraud to steal money and personal information. This scam, which OneCard recently warned its customers about, is dangerous because it can give criminals direct access to your phone and all of your private data. Other than OneCard, all other public and private sector banks too have warned about this scam on numerous occasions. How WhatsApp Screen Mirroring Scam Works The fraud starts with a scammer pretending to be an employee from a trusted company, like a bank. They'll call you and claim there's a problem with your account, creating a sense of urgency. Gaining Your Trust: The fraudster convinces you to resolve the fake "problem" by sharing your phone's screen with them. They'll tell you that this is the only way to "fix" the issue. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Initiating the Theft: The scammer will then guide you through the process of turning on screen-sharing or remote access on your phone. To make it seem legitimate, they'll ask you to start a WhatsApp video call so they can see your screen "better." Stealing Your Information: Once you're on the video call and screen-sharing, they can see everything you do on your phone in real time. They might ask you to open your banking app to "verify" something. The moment you enter your password, PIN, or an OTP, they can see it and steal it. In some cases, fraudsters might also trick you into installing a malicious app that contains a keylogger. This is a type of software that records everything you type on your phone's keyboard, including passwords for your banking apps, social media, and more. Once they have this information, they can take over your accounts and drain your funds. What Experts Say Fortunately, most banking apps in India have adequate protection from these type of frauds. Tarun Wig, Co-Founder and CEO, Innefu Labs, told Economic Tmes, "Most of the top banking apps in India do have security features like secure screen overlays, screen capture lockdown and session timeout capabilities. But the efficacy of these protection measures can differ considerably between platforms." "While certain apps prevent screen sharing or screen recording directly, others might lack strong controls especially on rooted or compromised devices. Additionally, if customers inadvertently provide screen-sharing permissions, some third-party applications can bypass such security measures. It's an area where ongoing innovation and stronger app-level controls are necessary in order to remain ahead of changing fraud schemes." How to protect yourself from WhatsApp screen sharing fraud According to the advisory, here are some dos and don'ts that, if you follow them properly, can help you avoid falling victim to the WhatsApp screen sharing fraud : Things that are Must Dos to Protect Yourself * Verify the authenticity of callers claiming to be from banks or finance companies. * Enable screen-sharing only when absolutely necessary and do it only with trusted contacts. * If you use an Android phone, disable the 'App installations from unknown sources' setting. * Block suspicious numbers immediately and report them to or call 1930. Things you should Never Do * Avoid answering calls from unknown or suspicious numbers. * Never use financial apps (e.g. mobile banking, UPI apps, e-wallets) during screen-sharing. You can also call the cyber crime helpline at 1930 or go to How to protect yourself from social media and all other online frauds * If any unknown person claims that your near or dear ones are in trouble, always confirm by calling them directly on landline or on a different number. * Delete data and restore factory settings on phone while selling or discarding the phone. * Never send private information like bank account details, PINs or passwords through WhatsApp. * Never accept files or begin downloads from messages sent to you by strangers or unknown numbers. * Never respond to suspicious messages that come from unknown numbers. * WhatsApp as a service will never contact you through a WhatsApp message. Never trust any message that claims to come from WhatsApp and demands some payment for the service. * Some scams say they can connect your PC with WhatsApp and send messages from a desktop. Do not believe these, as this is not possible. * Keep automatic downloads disabled, so that you can always keep a check on what is being downloaded. * Avoid using WhatsApp when you are connected to open Wi-Fi networks. These are hunting grounds for malware authors and data sniffers.
Time of India
36 minutes ago
- Time of India
Safari vehicles in R'bore granted 1-year extension
1 2 Jaipur: Forest department has granted a one-year extension to safari vehicles in Ranthambhore Tiger Reserve. According to the order, the field director must ensure that vehicles permitted for safaris are safe, suitable for tourism, and meet prescribed safari standards before allowing the extension. Officials said the model validity of these vehicles will expire in 2026, after which they will not be permitted for tourism operations. However, following requests from associations and the absence of practical alternatives, a temporary extension was provided. "Tourists prefer Gypsies due to their manoeuvrability and suitability for rugged terrain. With the extension, Gypsies will continue for one safari season starting Oct 1," an official said. Currently, 556 vehicles are registered for tourism at Ranthambhore, including 269 Gypsies and 287 Canters. The Ranthambhore Vehicle Safari Owners' Union earlier submitted a memorandum to the forest department seeking an extension. The challenge, however, lies in the fact that Gypsy manufacturing was discontinued in 2016. While diesel vehicles are available in the market, their higher emissions make them unsuitable for protected areas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Officials said a petrol-based model was expected to emerge as an alternative, as petrol vehicles typically cause less pollution and are considered more compatible with eco-sensitive tourism. But no viable petrol option was developed, leaving both the department and safari operators without a substitute. Forest officials noted that a similar directive was earlier issued for replacing old Canters with newer models. Implementation was delayed due to the ongoing tourist season, but an extension was provided. With several companies offering Canters with improved technology and lower emissions, the department directed that alternatives be explored. Officials admit that unless a suitable petrol or eco-friendly vehicle is identified, both forest department and safari operators may face uncertainty when the validity of Gypsies ends in 2026. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
