Mercedes-Benz India's EV Surge: A 51% Growth in Electric Vehicle Sales

Mercedes-Benz India posted an impressive financial year, driven by record sales and strong growth in its electric vehicle (EV) business. These are the top highlights:

Top Highlights:

Record Sales: Mercedes-Benz India delivered a record 18,928 vehicles during FY24-25, despite tough market conditions.

EV Sales Growth: EV sales of the company increased 51% compared to the previous fiscal, marking a growing preference for luxury electric vehicles in the country.

Top-End Luxury Segment: The top-end luxury segment recorded significant growth, with vehicles such as the Mercedes-Maybach S-Class and GLS SUV being the main contributors to overall sales.

Q1 2025 Performance: For the first quarter of 2025, Mercedes-Benz India witnessed a 1.8% decline in sales owing mainly to a drop in the entry-level segment.

Future Plans: The firm will introduce eight new models in 2025, both electric vehicles and luxury cars at the top end, to retain its market leadership.

Source: Exchange4Media, Opentools.ai, Hindustantimes, RushLane