Mercedes-Benz India Sales Up 4% in FY25

Mercedes-Benz India had previously recorded its best-ever sales in 2023-24 at 18,123 units.

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German luxury carmaker Mercedes-Benz on Thursday reported a 4.44 percent growth in its sales to 18,928 units in India in 2024-25, with one out of every four cars sold priced above Rs 1.5 crore.

However, in January-March this year, Mercedes-Benz India's sales declined by 11.8 percent to 4,775 units compared to 5,412 units in the year-ago period, impacted by the high base effect and a slowdown in the entry-luxury segment.

The company is hopeful that the RBI's rate cut will help spur demand, company Managing Director and CEO Santosh Iyer told PTI.

The company's franchise partners are investing Rs 450 crore in the next three years to enhance the brand's footprint in emerging and existing metros.

"Our growth in the fiscal, which is our best ever, was led by a very strong growth in the top-end cars at 34 percent and also electric cars had more than 50 percent growth," he said.