Mercedes-Benz to Increase Dealerships in India's Smaller Cities Amid Luxury Spending Surge - PRESS AI WORLD
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Mercedes-Benz to Increase Dealerships in India's Smaller Cities Amid Luxury Spending Surge

share-iconThursday, January 09 comment-icon1 week ago 8 views
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reutersREUTERS
Mercedes-Benz to Increase Dealerships in India's Smaller Cities Amid Luxury Spending Surge

Credited from: REUTERS

  • Mercedes-Benz reported record sales last year in India, with more than 19,500 vehicles sold, marking a 12% increase.
  • The luxury carmaker will open 20 new dealerships mainly in smaller cities, catering to younger, affluent business owners.
  • Demand for high-end cars and electric models in cities like Kanpur and Patna is outpacing entry-level models.
  • Mercedes plans to introduce 8 new car models in 2025, expecting continued sales growth in the luxury segment.
  • Despite luxury vehicles making up only 1% of total car sales in India, this segment is growing rapidly.

For the full article, visit Reuters.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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