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Upswing in markets, realty aiding buyer sentiment
Financial Express Pune
|June 28, 2025
Mercedes-Benz India introduced two new sports cars — AMG GT 63 and GT63 PRO — priced at ₹3 crore & ₹3.65 crore respectively on Friday as its MD & CEO Santosh Iyer tells Swaraj Baggonkar that there is no let-up in demand for the high-end segment despite the uncertainty around. Excerpts:
One in every four cars you sell are priced above ₹1 crore. When do you see that rising to two in four?
If I were to not sell the other cars we can change the equation. We are not driven by a target-based approach on volumes. It is what the customer wants; what the brand stands for and what kind of product offering we are able to give. We are able to do much more, in the top-end of the spectrum, 60% of our cars are in the core segment like the E-Class.
The broader market is going through a slowdown in demand. How has the June quarter been for you?
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