3 days Ago By Subhro Niyogi
Kolkata: Mercedes Benz India (MBI) is eyeing a double-digit growth this fiscal despite a decline in growth in the Indian automotive industry . Speaking to TOI on the sidelines of the launch of its six-battery EV (BEV) EQS 580 4MATIC electric SUV, MBI MD and CEO Santosh Iyer said that while the company may fall shy of touching the 20,000-mark cumulative numbers this year, its sales would be more than 10% over last year’s figure. “MBI has grown by 9% in H1 2024 and it continues the growth momentum,” said Iyer.
In the first half of the year, MBI sold 9,262 units, up from 8,528 units in H1 2023. In 2023 calendar year, MBI sold 17,408 cars while the figure for the 2023-24 fiscal was 18,123 units. The company hopes sales will accelerate during the festive season.
The luxury car segment is expected to grow in high single digit this year to touch 50,000-units mark. The EQS SUV is the second model after EQS sedan to be produced at MBI’s plant in Chakan, Pune. “India is the only other market outside US to locally manufacture the EQS SUV,” said Iyer.
BEVs is currently 5% of the cars sold by MBI. While the EQS SUV launched on Monday could see the BEV pie inch northward, it will also add to its top-end vehicle (TEV) offering. The EQS SUV is priced at Rs 1.
4 crore. We also published the following articles recently Mercedes-Benz EQS 580 SUV launched in India at Rs 1.41 crore: Battery, range, features, specs and more Mercedes-Benz India launched the EQS 580 luxury EV SUV at Rs 1.
41 crores. Locally produced in Pune, it features a three-row seating configuration and a powerful dual motor system with a combined output of 544hp. The EV offers an ARAI-certified range of 809km and includes advanced features like the Mercedes Hyperscreen setup and Level 2 ADAS.
3 dead, 4 injured in truck-SUV collision Three youths were killed and four others sustained serious injuries when a truck collided with their SUV on the Gargoti-Solankur road around midnight. The truck driver fled but was later identified and arrested. The victims, who were returning to Solankur village in Kolhapur, have been named as Shubham Dhavare, Akash Parit, and Rohan Lohar.
Teen driving BMW hits SUV, four injured In New Delhi's Simon Bolivar Marg, an 18-year-old driving a BMW hit a Creta, injuring four people. The injured are Ankit and Chand Kubba from the Creta, and Vaasu Garg and Ram Naresh from the BMW. All were hospitalized with minor injuries.
Authorities have registered a case under relevant sections..
