Latest news with #534MATIC+Coupe
Time of India
3 days ago
- Automotive
- Time of India
Mercedes-Benz India banks on top-end models for growth amid market volatility
New Delhi: Mercedes-Benz India said on Tuesday that its top-end model portfolio continues to drive sales growth despite a volatile business environment and subdued demand in the domestic luxury car market . The company's Managing Director and CEO, Santosh Iyer, said the overall luxury car market in India is projected to grow by around 4–5 per cent year-on-year, with industry demand remaining largely flat compared to last year. 'Considering all the geopolitical developments happening around us, the growth may not be there as much as what we have seen in previous years, but it is still there,' Iyer told PTI. For Mercedes-Benz, the top-end and core model segments are witnessing steady growth, while the entry-level segment has seen a decline. '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. He noted that while the company is not experiencing the double-digit growth seen in previous years, flattish to single-digit growth remains achievable. Strong macroeconomic indicators, such as robust GDP growth projections and record GST collections, are expected to support the segment in the coming quarters, despite market volatility. The German luxury carmaker also expanded its performance lineup on Tuesday with the launch of the AMG CLE 53 4MATIC+ Coupe, priced at ₹1.35 crore (ex-showroom).
Economic Times
3 days ago
- Automotive
- Economic Times
Mercedes says top-end car portfolio continues to drive growth in volatile mkt
Agencies Mercedes-Benz India Mercedes-Benz India 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. He noted that demand is flattish as compared to last year for the industry. "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. "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 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).
Time of India
3 days ago
- Automotive
- Time of India
Mercedes says top-end car portfolio continues to drive growth in volatile mkt
Mercedes-Benz India 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).
