Mercedes-Benz India has sold 4556 units in Q1 2018 marking a growth of 24.8 percent during the same period last year. The car maker sold a total of 16,236 units during the Financial Year 2017-18.
In the sedans, it was the LWB E-Class that spearheaded the sales followed by the C-Class. The GLC led the sales in the SUV portfolio which saw a double digit growth.
Roland Folger, M.D and CEO Mercedes Benz India said, “ 2018 began with a positive note for the brand, though the spike in Q1 sales can be attributed to the advancement of sales due to the impending price correction , triggered primarily by the increase in basic custom’s duty . It might be a cha llenge to sustain this momentum in the coming quarters and we are cautiously optimistic. As the luxury industry volumes are comparatively low , the focus should remain on helping the industry grow by creating demand. A rise in demand would translate in incr eased production and thus, lead to significant revenue generation, and would support the ‘Make in India’ initiative. ”
Mercedes is set to launch a total of 10 new models in India in 2018.
