Mercedes-Benz India Records 5.3% growth in First Quarter

German luxury car maker, Mercedes-Benz's Indian subsidiary has announced their first quarter (Jan-March 2013) sales results, in which they sold 2009 units. Mercedes has recorded a growth of 5.3% over the corresponding period of 2012 in which a total 1908 units were sold by the company.

Eberhard Kern, Managing Director and CEO, Mercedes-Benz India commented: “We are very satisfied with the company performance in this quarter. Given the overall strain in the Indian economy and the fact that the Passenger Vehicles market has de-grown by double digits in Jan-Feb 2013, an incremental 5.3% performance enhancement is encouraging. There are several exciting product launches slated in the next months and riding the wave of these fascinating products, we envisage a double-digit growth in the next quarter.”

The E Class has been the single largest contributor to the sales volumes in January – March 2013 period with more than 800 units sold (increase of about 25% over the corresponding period in 2012) while the Mercedes-Benz Dream Cars (comprising Completely Built imported cars like the AMG range, the SLK-Class and the CLS-Class) have registered highest growth (48% increase over the corresponding period in 2012).