IndiaCatalog.com
India News
Search Web Directory
News Home
Mercedes Benz grows 40% in June, registers a record Q2 in India with 18% growth
Posted on 7th July 2017
MUMBAI: Offering post GST benefit in pre-GST era drove India's largest luxury car maker Mercedes Benz to register a significant 40 per cent growth in June, rallying the brand back to double-digit growth in April to June second quarter since the end of 2015.

The company sold record 3521 units in Q2 of 2017, registering a year on year growth of 18 per cent. For the first half of 2017, Mercedes Benz sale growth was recorded at 8.7 per cent to 7171 units. The growth in Indian market is in line with global trend, wherein the maker of S-Class posted a record half-yearly number at 1.14 million units growing by 13.7 per cent.

The strong sales performance in Q2 2017, firmly underscores the continuous customer preference for a Mercedes-Benz vehicle in the Indian market, which is also a result of a sustained and focused customer centric approach implemented by the brand, said the company in a statement.

Reviewing the Q2 sales numbers, Roland Folger, MD & CEO, in particular, Mercedes-Benz India says having set the sales momentum in Q1 of 2017, he is glad to better the company's performance with an impressive Q2 sales performance, which grew by a robust 18 per cent.

"We are confident of our leadership in the market by sustaining this growth story in the remaining quarters as well. The demand for the Long Whe, in particular, as contributed immensely to our volumes. It is most satisfying to witness that our product introductions were highly appreciated by customers leading to a steady growth across the NGCs, sedans, SUVs and the performance cars,” added Folger.

This growth was seen across the segment right from new generation compact cars to the sedans, the SUVs and the AMG performance cars.

The ‘World Luxury Car of the Year’, the E-Class sedan continued its sales success and remained the highest single selling model for the brand in January-June 2017 period.

And in the luxury SUV segment comprising the GLA, GLC, GLE and the GLS, the company grew strongly and recorded a robust 31 per cent growth in the January-June 2017 period. The GLC remained the highest selling SUV in Mercedes-Benz’s portfolio in H1 2017, closely followed by the GLE, GLA and the GLS, said the company in a statement.

Related Companies: Mercedes Benz India Limited   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Mercedes Benz grows 40% in June, registers a record Q2 in India with 18% growth
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Mercedes Benz grows 40% in June, registers a record Q2 in India with 18% growth

Most Read News

More India News

Photo Gallery

ChennaiExpress(10 Images)Chennai Express
Jaguar XF(19 Images) Jaguar XF
Pataas(10 Images) Pataas
  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement