Upswing in markets, realty aiding buyer sentiment

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:

- Santosh Iyer, MD & CEO, Mercedes-Benz India

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?