»
1-min read

Mercedes-Benz Sales in India Dip Marginally During January-September 2018

Mercedes said its sales momentum in the first three quarters of 2018 was driven by mainstay products in the portfolio comprising the long-wheelbase E-Class, the C-Class sedan, compact cars and SUVs.

PTI

Updated:October 9, 2018, 5:14 PM IST
facebookTwittergoogleskypewhatsapp
Mercedes-Benz Sales in India Dip Marginally During January-September 2018
Mercedes-Benz E-Class LWB. Representational image. (Photo: Mercedes-Benz India)
Loading...
German luxury carmaker Mercedes-Benz India Tuesday reported a marginal dip in its sales at 11,789 units for the January-September period compared to 11,869 units in the same period of last year. It faced significant headwinds during the period under review due to various micro-economic factors like rising interest rates, inflationary hikes, depreciation of the rupee and rising import costs, the company said in a statement. Besides, a substantially high base of last year also posed significant sales challenges in the third quarter of 2018, Mercedes-Benz India said in a statement.

"We are satisfied with our sales performance despite experiencing the prevailing micro-economic headwinds and also a high base of 2017, which was a result of the strong built up to the GST roll-out and also the onset of an earlier festive season, posing stiff sales challenges," Michael Jopp, Vice President of Sales and Marketing, Mercedes-Benz India said.

Moving into the last quarter of 2018, the company is confident of a good festive season, he added. The automaker said its sales momentum in the first three quarters of 2018 was driven by mainstay products in the portfolio comprising the long-wheelbase E-Class, the C-Class sedan, compact cars and SUVs.

Last week, BMW India had reported 11 per cent increase in its sales for the January-September period of this year at 7,915 units. Another German carmaker, Audi is yet to come out with its sales number for the period.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
| Edited by: Abhinav Jakhar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results