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Mercedes India managing director sees flat growth in Q4 after 16% sales drop in Jan-Sept
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New Delhi, Dec. 3 -- Following a 16% drop in sales volumes between January and September, Martin Schwenk, managing director of the country's largest luxury car-maker, Mercedes Benz India Pvt Ltd, told Mint in an interview that the company has deferred product launches and reduced inventory significantly during the year. However, he said the next year would likely see "reasonable growth" in sales, provided the transition to stringent environment norms BS 6 is managed well. While India's government is keen to develop the electric vehicles sector,, manufacturers of luxury vehicles will need to generate volumes to justify the investment.
Overall, how has Mercedes Benz India been able to perform under the current circumstances?
First six mon...
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