Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Mercedes-Benz India’s Reported a Sales Growth of 99% YoY Q3CY21

Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Luxury carmaker Mercedes-Benz India on Wednesday reported a sales growth of 99 percent in Q3CY21.

The luxury carmaker sold 4,101 units during the period under review from an off-take of 2,060 units during Q3CY20.

The company said that robust Q3 performance led it to clock 8,958 unit sales in the January-September 2021 period, backed by a completely new product portfolio and resurgent customer sentiment.

Besides, the luxury carmaker has crossed the entire CY20 sales volumes in the Jan-Sep 2021 period.

As per the company, the strong rebound in sales, particularly in Q3CY21 retail, reflects the continuous v-shaped recovery witnessed since the pandemic affected Q2, owing to the return of economic activities, a stable economy at large, and an overall positive market outlook.

According to Martin Schwenk, Managing Director and CEO, Mercedes-Benz India: “Mercedes-Benz’s strong YTD sales growth, which is highlighted by a robust recovery in customer demand, specifically in Q3 2021, is backed by a combination of new product line-up as well as bullish market sentiments.

“We have built a strong order bank for most of our new and existing products and are striving hard to handover these cars to the customers on time. We expect the upcoming festive season to continue this sales momentum and create additional demand.”


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic