Mercedes-Benz India sees accelerated growth in top-end car sales

Mercedes-Benz India has said it is witnessing an accelerated growth in sales of its top-end cars priced above Rs 1 crore, having sold 68 percent more such vehicles in the first nine months of 2022.

According to the company's Vice President - Sales and Marketing - Santosh Iyer, the company, which sold 11,469 units in the January-September period this year surpassing what it sold in the whole of 2021, has seen 30 percent of its sales coming from its top-end vehicles.

Mercedes-Benz India had sold a total of 11,242 units in 2021. "If I look at it internally, we are seeing 68 percent growth in our TEV segment, which is our top-end luxury segment, compared to the overall growth of 28 percent. Today, 30 percent of our sales are in top-end vehicles, cars above Rs 1 crore price. So, that shows again the maturity of the Indian luxury car market," Iyer told PTI.