Sunday January 19, 2020
Home Business Mercedes-Benz...

Mercedes-Benz V-Class Elite Launched in India: Priced at Rs 1.10 Crore

This year we crossed sales of 10,000 cars early October

0
//
Mercedes, India, Sales
Speaking to reporters after thge event, Schwenk said: During the festival season we delivered 800 units. Pixabay

The sales trend for luxury car maker Mercedes-Benz India is positive in this segment, and from second half of the next calendar year, the turbulence caused by migration from BS IV to BS VI emission norms would settle down, a top company official said on Thursday.

The comments were made by Mercedes-Benz India Managing Director and CEO Martin Schwenk, who was here to launch the comnpany’s Rs 1.10 crore luxury multi-purpose vehicle (MPV) V-Class Elite.

Speaking to reporters after thge event, Schwenk said: “During the festival season we delivered 800 units. This year we crossed sales of 10,000 cars early October. We sold 11,789 units during the first nine months of 2018. Last calendar year we sold 15,338 units.”

According to him, sales during the fourth quarter of the current year will be in line with the sales logged during the corresponding period in 2018.

Mercedes, India, Sales
The comments were made by Mercedes-Benz India Managing Director and CEO Martin Schwenk, who was here to launch the comnpany’s Rs 1.10 crore luxury multi-purpose vehicle (MPV) V-Class Elite. Pixabay

He said the luxury car market might have de-grown by 15 per cent in 2019 as compared to 2018.

Schwenk also said that the purchase of BS IV emission compliant vehicles ahead of April 2020, when such vehicles would be marketed, is not expected to happen.

He said Mercedes-Benz India will stop rolling out of BS IV vehicles by the end of this year, and from January 2020 onwards the company will roll out BS VI cars.

According to him, early in 2019 the company took decisions on managing inventories, profitability of the dealers and other aspects of the business to manage the downturn.

Also Read- Reebok to Unify under One Logo, One Wordmark

Speaking about the company’s new offering V-Class Elite, Schwenk said the MPV is powered by a 1950cc diesel engine and has features like luxury seats with massaging function and climate control, centre console with refrigerated compartment, Burmester surround sound system with 15 speakers giving an output of 640 W and other optional features.

The Spain-made car is imported to India.

He said the company will showcase a broad range of modes at the upcoming Auto Expo to be held in Delhi. (IANS)

Next Story

I Fall in Love with India Every Time I Return Here: Amazon CEO Jeff Bezos

On Friday, Goyal clarified that government welcomes all kinds of investments into the country which are within the ambit of the law

0
amazon, jeff bezos
Amazon.in arrived in India on June 5, 2013 and for world's top billionaire Jeff Bezos, has transformed the way the country buys and sells. VOA

Amazon Founder and CEO Jeff Bezos on Friday posted a note on the company’s e-commerce website Amazon India, saying “he falls in love with India every time he returns here”, a day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event.

“I fall in love with India every time I return here. The boundless energy, innovation and grit of the Indian people always inspire me,” Bezos wrote in the letter while mentioning Amazon’s investment in the Indian economy and that the firm is aiming to create 10 lakh new jobs by 2025.

Bezos, in the letter, added that more than 550,000 small and medium businesses (SMBs) in India are using Amazon as a platform to offer millions of products.

The new expected jobs are on top of the 700,000 jobs Amazon has already created in the country since 2013.

Amazon, drones
In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington’s Milestone Celebration in Washington. VOA

On Thursday, Goyal not only ticked off Bezos saying that they are not doing India a favour by investing a billion dollars, but also raised concerns if its losses were a result of predatory pricing and if Amazon and Flipkart were gaining entry into multi-brand retail by using loopholes.

Also Read: Tech Giant Apple Solves Location Privacy Issue with iPhone 11 in 2nd iOS 13.3.1 Beta

On Friday, Goyal clarified that government welcomes all kinds of investments into the country which are within the ambit of the law.

“We welcome all kinds of investments that follow the letter and spirit of the law. If some investment is outside the legal purview, appropriate action will be taken,” he told reporters. (IANS)