Mercedes India expects double-digit growth this year despite weak rupee concerns

  • In 2023, Mercedes-Benz plans to launch 10 new cars in the country, with most costing more than 10 million rupees.
Mercedes EQB (HT Auto/Sabyasachi Dasgupta)
Mercedes EQB

Mercedes-Benz India has said that it expects double-digit sales growth in the country this year, despite concerns of weaker rupee leading to increase in car prices. Last year, the German luxury carmaker saw its sales in India rise 41% last year to 15,822 units, which is its highest-ever in the country. The company currently has an order backlog of around 6,000 vehicles, Santosh Iyer, managing director for Mercedes-Benz India, told Reuters.

A weakening Indian currency is one of the risks to the growth of India's luxury car market and this could force Mercedes to increase the domestic prices as imported components get pricier. The rupee fell 10% against the dollar in 2022, its steepest drop since 2013, making it the one of the worst performing Asian currencies. However, the company said that it has started the year with a very healthy order bank, which gives it the confidence of a double-digit growth, even for 2023.

Also check these Cars

Find more Cars
Mercedes-benz Gle (HT Auto photo)
2999 cc Multiple Automatic
₹96.40 Lakhs - 1.15 Cr
Compare
View Offers
Mercedes-benz Amg Gle Coupe (HT Auto photo)
2999 cc Petrol Automatic
₹ 1.85 Cr
Compare
Land Rover Defender (HT Auto photo)
2996.0 cc Multiple Automatic
₹93.55 Lakhs - 2.30 Cr
Compare
View Offers
Bmw X5 (HT Auto photo)
2998 Multiple Automatic
₹93.90 Lakhs - 1.07 Cr
Compare
View Offers
Bmw X8 (HT Auto photo)
UPCOMING
4400 cc Petrol Automatic
₹ 1 - 1.20 Cr
View Details
Audi Q7 (HT Auto photo)
2995.0 Petrol Automatic
₹ 79.99 - 88.33 Lakhs
Compare
View Offers

Also Read : Mercedes-benz will drive in 

This year, the automaker plans to launch 10 new cars in the country, with most costing more than 10 million rupees, the top-end segment that grew 69% in 2022. The new launches will include a mix of gasoline cars, electric vehicles (EVs) and plug-in hybrids.

The company launched three EVs in India last year, including a locally assembled, electric model of its flagship S-Class sedan. The company noted that EVs have seen a strong demand, with Indian customers waiting four to six months after booking their cars. However, the company wants to reduce the waiting period to two to three months before launching more EVs.

While the global semiconductor shortage has been easing, the company still faces some disruption due to a shortage of parts and delayed shipments caused mainly by geopolitical issues, energy crisis in Europe and pandemic-related lockdowns in different parts of the world.

First Published Date: 08 Jan 2023, 15:29 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.