Mercedes Benz India expects to witness flat growth rate this year
Subscribe to NewsletterPlease fill your name and email ID to get our daily auto news mailer.
Receiving tough competition from its arch rivals like Audi and BMW, the Indian unit of the Germany based leading car maker Mercedes Benz is now facing a prospect of flat growth rate in the Indian market in the coming months.
The company, which had registered a sales surge of 35 percent in last year, for the first time is on the verge of registering flat growth rate in the current year, in its operations of more than 16 years. The company is blaming the rising fuel prices and high interest rates on car loan for this slowdown.
According to Mercedes Benz India’s general manager, strategic planning and corporate communication, Mr. Manas Dewan, The sales figures of the current year expected to be different from the figures of last year.
While further elaborating the reasons of the expected flat growth rate, he added, “Overall, slowdown in global economy has impacted sentiments, making buyer cautious resulting in customer deferring his purchase decision.”
Meanwhile, the company is all set to roll-out a range of new cars in the Indian market including A Class and B Class models in the price segment of Rs 20 lakh and 25 lakh, respectively.
- Tata Nano expected to be introduced with power steering
- Hyundai and Maruti Suzuki to increase prices from 2014
- Honda to continue excellent performance in 2014
- Mercedes-Benz AMG cars gaining popularity in India
- Sales of Hyundai Grand i10 cross 33000 units in three months
- Next generation Honda City: A truly stylish sedan
- Mercedes-Benz set to hike prices in January 2014
- Tata Nano declared as Most Trusted Brand in India Study 2013
02 December 2013, 12:21 IST by CarTrade Editorial Team
As 2013 is coming to an end, many car makers would want to forget the dismal performance of this year in terms of sales and profit levels. In the passenger car segment, many companies failed to...
02 December 2013, 12:45 IST by CarTrade Editorial Team
In a shocking news that sent ripples across the American film fraternity, it was leant that Paul Walker has passed way in a car accident that occurred in Southern California. Reportedly, the actor...
04 December 2013, 11:55 IST by CarTrade Editorial Team
As the 2014 Auto Expo is fast approaching, the Indian car market is abuzz with presumptions about models that will be on display at the upcoming motor show. Major car companies like Maruti Suzuki,...
05 December 2013, 12:22 IST by CarTrade Editorial Team
According to recent reports, Honda Cars India Limited (HCIL) will increase price of its entire line-up from January first week in 2014. This is mainly to counter the booming inflation and...