Cookies on the Economic Times website

Economic Times has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings,we'll assume that you are happy to receive all cookies on the Economic Times website. However, you can change your cookie setting at any time by clicking on our Cookie Settings at any time.You can also see our Privacy Policy

Mercedes Benz looks to double India sales over the next three years

Getty Images

Synopsis

Luxury car sales continue to grow even after the festive period, indicating strong structural demand and giving confidence for higher sales projection, said Martin Schwenk, managing director of Mercedes Benz India.

Mumbai: India's largest luxury carmaker Mercedes Benz, which has retained the top spot for six years now, is looking to double its sales in the country over the next three years and to that end has lined up the launch of 15 new and updated cars in 2021.The company is eyeing at least 40% growth in sales over the next two years with an aim to rescale its peak annual sales witnessed in 2018 by 2022. To be sure, the 40%-growth projection comes on an

To Read the Full Story, Become an ET Prime Member

Access the exclusive Economic Times stories, Editorial and Expert opinion

Why

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads
  • Comment & Engage with ET Prime community
  • Exclusive invites to Virtual Events with Industry Leaders
  • A trusted team of Journalists & Analysts who can best filter signal from noise