Luxury car-maker, Mercedes-Benz India, said that it has managed to register a growth of about 51% in Feb ’11 as compared to last year same period. Company saw the jump in sales in Feb and sold 662 units as against 439 units in the same month last year.
“2011 started on a wonderful note for us and with the increased sales figures we are delighted that customers appreciate our brand value and have furthermore helped us in achieving this benchmark,” Mercedes-Benz India’s Managing Director & CEO, Peter T Honegg , said in a statement.
It will be interesting to see the post budget luxury car sales figures for most of companies under new provision in budget. Post implementation cars might become more expensive and consumer’s pockets might get lighter by 8 Lac or more. The new provision indicated the jump in the prices of India-assembled cars due to change in CKD d definition (Completely knocked down car / bike /automobile is one which is imported or exported in parts and not as one assembled unit).
[...] Mercedes-Benz India reported 89.32 per cent rise in its sales for March at 833 units. Audi saw its sales climbing by over three-fold jump to 681 units. [...]