Mercedes-Benz India, a wholly-owned subsidiary of German luxury car maker Mercedes-Benz, clocked its best ever fiscal sales by selling 13,558 units in the April-March 2016 financial year, registering 21 percent year-on-year growth.
The car maker also witnessed its best ever quarter sales at 3,622 units for January-March 2016 quarter recording 1.6 percent year-on-year growth while also recording best ever monthly sales in March.
The company claimed that Mercedes-Benz is the only luxury brand in India to sell more than 13,500 units in both calendar and financial year.
Mercedes-Benz India has achieved its best ever quarterly sales despite the ban for 2000 cc above diesel vehicles in the key Delhi and NCR market, successive price hikes and a lack of incentives for the automotive sector in the Union Budget.
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The E-Class, which has been dominating the Indian luxury car market since 20 years, was the highest selling car model for Mercedes-Benz India in January-March quarter of 2016.
Roland Folger, Managing Director & CEO, Mercedes-Benz India, said “It is a significant achievement as we have maintained our growth momentum in Q1, despite facing multiple market challenges. The company compensated the negative sales impact in the Delhi and NCR market, with a strong double digit growth achieved in most other markets across the country.”
The growing popularity for Mercedes-Benz cars in the Indian market is virtual as wait list continues for the S-Class, Mercedes-Maybach and GLE across dealerships in the country.
Currently, Mercedes-Benz India is expanding its dealership network across India.