Business

Mercedes posts 34% sales growth in Q1

New Delhi, Apr 7 (Agencies) | Publish Date: 4/7/2021 1:15:51 PM IST

India's largest luxury carmaker Mercedes Benz has posted a strong growth of 34 percent in the first quarter of this year, which it believes has set things nicely for a strong rebound in sales in calendar year 2021. The company had posted a 43 percent decline in sales in 2020 at 7,893 units on account of Covid-19 impact, Business Today reported.

In the first three months of this year, the company has so far managed to sell 3,193 units against 2,386 units last year. The company said the growth is largely on the back of stronger than expected demand for its volume models like the C and E class sedans and GLC, GLE and GLS SUVs. Besides, it has also received encouraging response to its newly launched entry level sedan A Class limousine. 

"The Q1 2021 sales momentum combined with the growing availability of volume models, will create a strong base for further recovery in coming quarters," said Martin Schwenk, Managing Director & CEO, Mercedes-Benz India. 

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