Mercedes posts 34% sales growth in 2021, Recovering Faster than Expected
By Sanjay Kumar
News Highlights
- Mercedes Benz has posted and highlights its growth of 34% in the first quarter of the current year.
- The Managing Director & CEO of Mercedes-Benz India Mr Martin Schwenk highlights company strategy for 2021.
- The company has lined up 15 launches in 2021 year for further recovery in the coming quarters of 2021.
Mercedes posts 34% sales growth in Q1 of 2021
Mercedes-Benz AG is responsible for the Mercedes-Benz Cars and Vans business, with over 170,000 employees globally and the company is also India’s largest luxury carmaker. The company has lined up 15 launches in the year 2021.
Mercedes Benz has posted and highlights its growth of 34% in the first quarter of the current year, as well as company has set things nicely for a strong rebound in sales in the calendar year 2021. The company had posted that there is a 43% decline in sales in 2020 at 7,893 units on account of the Covid-19 impact.
The starting 3 months of 2021 gave an excellent response to sales, the company has so far managed to sell 3,193 units against 2,386 units last year.
The company said the growth is again on track, the industry back with Stronger than expected demand for its models like the C and E class sedans (2019) and GLC (highest selling SUV), GLE (2020), and GLS SUVs. Besides, it has also got a supportive response to its newly launched entry-level sedan A-Class limousine.
The Managing Director & CEO of Mercedes-Benz India Mr Martin Schwenk, said, “this year began with a strong note for the company as we look for substantial sales recovery in 2021. Between 1 January – 31 March 2021 sales momentum combined with the growing availability of volume models, and it will give us a powerful base for further recovery in coming quarters of 2021”.
He also added that buyers appreciated our strategy to provide topline cars with significant features and technology enhancements, and we will continue this strategy in upcoming models, to create a distinct differentiation in the market.
And lastly, he added that with a solid order bank for most of our volume models extending into months, we are very confident of driving growth back in the coming months of 2021.
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