Mercedes-Benz Confident of Double-Digit Growth and Expanding Electric Vehicle Portfolio

Mercedes-Benz is optimistic about achieving double-digit growth this year, driven by strong demand and new product launches, including electric vehicles. The company is set to unveil the electric version of Maybach in September and has reported a 9% sales increase in the first half of 2024, with electric vehicle sales growing by 60%.

German luxury carmaker Mercedes-Benz is expressing strong confidence in achieving double-digit growth this calendar year, citing robust demand and a positive outlook for the upcoming festive season.

At the launch of new top-end car models, Mercedes-Benz India Managing Director and CEO Santosh Iyer discussed the company's plans. Mercedes-Benz is also expanding its electric vehicle lineup, with the electric Maybach set to debut in September.

Strengthening its high-end portfolio, Mercedes-Benz unveiled the Mercedes-AMG GLC 43 4MATIC Coup and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively. Iyer highlighted that the top-end segment saw a 12% growth, surpassing the overall growth rate.

(With inputs from agencies.)