Mercedes-Benz India has registered gross sales of 14,867 models within the 2019 fiscal (April-March), recording a eight.four % dip in volumes. The German carmaker introduced that, within the first quarter of the monetary yr (Jan-March), gross sales declined 14.7 % to three,885 models, as rising rates of interest, liquidity crunch and rising prices weighed on buyer demand.
Key rival BMW India notched an estimated 10,856 models throughout the fiscal, up 12.eight % over an estimated 9,615 models offered in FY2018. The Bavarian firm has closed the hole to its German rival, who ended 2018 because the nation's highest-selling luxurious carmaker for the fourth yr straight.
BMW Group India just lately reported its highest-ever first-quarter gross sales (January-March 2019), throughout which it delivered 2,982 automobiles (BMW and Mini), registering a year-on-year development of 19 %. Of those, BMW automobiles accounted for two,822 models (up 19 %) whereas Mini India offered 160 automobiles (up 18 %).
In the meantime, the Indian subsidiary of Swedish carmaker Volvo Vehicles offered 2,687 models within the 2019 fiscal (April-March), registering a development of 25 % year-on-year, albeit on a decrease base. Jaguar Land Rover India and Audi India are but to disclose gross sales figures for the quarter and monetary.
The quantity drivers for Mercedes-Benz India within the January-March interval 2019 remained the Lengthy Wheelbase E-class sedan, together with the brand new C-class and the GLC SUV. The V-class luxurious MPV continues its gross sales success and has a ready interval in most markets, in keeping with the carmaker. The AMG and the ‘Dream Vehicles’ section remained the very best rising section for Mercedes-Benz in Q1 2019, with greater than 50 % development in comparison with Q1 2018.
Commenting on the corporate's efficiency, Martin Schwenk, managing director & CEO, Mercedes-Benz India mentioned, “We’re happy with our sustained gross sales efficiency, regardless of going through sturdy macro-economic headwinds. On our 25th yr in India, we are going to proceed to put money into new merchandise and applied sciences, in retail community and digitisation, to maintain ourselves future prepared."