BusinessNews

Mercedes-Benz India maintains its leadership in the luxury segment for the record fifth year in a row

Pune: India’s largest luxury car brand Mercedes-Benz continued its leadership position in the Indian luxury car segment for the fifth year in a row, by achieving sales growth in Q4 2019, setting the momentum for 2020. The company recorded its highest ever Q4 selling 3871 units, thus registering a 3.3% y-o-y growth for Q4, and was able to achieve sales growth in a challenging market. Amidst strong macro-economic headwinds, Mercedes-Benz India sales volumes in Q4 also grew by 15.41% from Q3 2019 and the overall sales volume remained at 13,786 units from January-December 2019.


Mercedes-Benz firmly maintained its strong lead on the dynamic Indian luxury car market in 2019 and charted a sales uptick in Q4 with the introduction of a host of industry best sales, customer service and finance programmes. The brand with the Three Pointed Star commenced its product offensive from October 2019 and launched three new products (New G 350d, New V-Class Elite and New GLC) in Q4 2019. Mercedes-Benz also had a strong festive period, which turned market sentiments towards positive.


Speaking on the company’s sales performance, Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, “We are satisfied with our sales performance in 2019 despite facing strong macro-economic headwinds, specifically in the first three quarters. We were however able to positively influence the customer sentiment with our industry-best customer solutions and achieved the new best ever Q4. 2019 was a significant year as we not only introduced a host of new products but also created new industry benchmark with introduction of finance programmes like ‘WISHBOX’, launching new infotainment technology-MBUX (Mercedes-Benz User Experience), introducing ‘Mercedes me connect’ (connected car services) and also some innovative service initiatives like ‘Premiere Express Prime’.

Together, all these initiatives created a solid momentum and reiterated the customers’ confidence in a fundamentally strong brand like Mercedes-Benz, which continued to be the most preferred brand for a luxury car customer in India. We were able to create a strong growth momentum in the market during the festive period and we are glad to carry it for the rest of the year. Our growth in our Q4 sales is a testament of this fact.”


“2020 is going to be another important year for Mercedes-Benz India and we continue to be optimistic with the country’s mid to long-term prospect. We had an overwhelming response to our entire BS IV portfolio and we are now ready with the all-new BS VI portfolio, way ahead of the deadline. This year the market will witness a strong product offensive from Mercedes-Benz beginning with the New GLE, and followed by some of the most significant product introductions from our global portfolio for the Indian market, including those without any predecessors. These products will redefine luxury and performance motoring and chart new avenues for sustainable mobility in India. In 2020, Mercedes-Benz will also witness strategic network expansion in key existing as well as new markets.” Martin Schwenk elaborated.

Tags
Show More

Related Articles

Leave a Reply

Close
Close
%d bloggers like this: