Mercedes-Benz India reports 65% growth in retail sales during H1 2021
German luxury carmaker Mercedes-Benz on Thursday reported a 65 per cent growth in its retail sales in India at 4,857 units in the first half (H1) of 2021 driven by new launches and strong demand for top-end cars.
The company had sold 2,948 units in the first half of 2020. In the first halves of both last and this year, sales were disrupted due restrictions imposed to curb the first and second waves of the coronavirus pandemic.
“Our H1 2021 sales growth is in line with the market sentiments and strongly underlines a continuing high customer demand for models. We have built a solid order bank on the back of new launches and it is highly satisfying to witness an all-round rise in demand for our products across the portfolio,” Mercedes-Benz India Managing Director and CEO Martin Schwenk said in a statement.
The company’s new launches in the first half of this year include A-Class Limousine, New E-Class, AMG A 35 4M, New GLA, AMG GLA 35 4M, GLS Maybach 600, New S-Class.
“Starting from the A-Class Limousine to the GLS Maybach and the AMG, customers have highly appreciated our product launches by strongly preferring a Mercedes-Benz and an AMG over other models; reiterating their confidence and trust in our product portfolio and customer oriented market strategy,” he added.
The company said in H1 it also had strong demand for top-end cars such as GLS Maybach 600, New S-Class along with AMG range.
Mercedes-Benz India said its online sales continue to contribute strongly to the overall sales accounting for 20 per cent of H1 2021 sales, although in the April-May lockdown period it was at 35 per cent.
Over 25,000 leads were generated by online sales alone during the period, it added.
On the market situation, Mercedes-Benz India said its June 2021 retail sales in particular “signifies first signs of a strong recovery in customer sentiments influenced by factors like new product portfolio and gradual unlocking of markets leading to an uptick in economic activities”.
“The demand for all our products in June was particularly strong. We have ramped up our production and sales from July, to match the great customer feedback on our models,” Schwenk said.
On the outlook, Mercedes-Benz India Vice-President Sales and Marketing Santosh Iyer told PTI, “At this stage, at least on the demand side, we don’t see any letdown as we move into this quarter also…Fundamentally, the H2 (second half) surely should be bigger than H1.”
The festive season, starting August-September, “should only accentuate the demand” and “that gives us confidence for a robust demand in H2,” he added.
The biggest issue, he said, would be the supply constraints globally and logistics challenges which could have a bearing on the company’s ability to meet demand in India.
“If you purely talk on the demand side based on the order bank and the bookings… it gives us a very strong confidence, the demand is there but whether the supplies can match up, we have to check for H2,” Iyer said.
The company said its production has been gradually ramped up from this month and designed flexibly in order to be able to react to current developments. It was earlier producing at 50 per cent of capacity at its Chakan plant following government guidelines to combat COVID-19 pandemic.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
