New Delhi, Dec. 6 -- Mercedes-Benz India Pvt. Ltd has deferred product launches and made a significant reduction in inventory following a 16% decline in sales volume from January to September this year, said Martin Schwenk, managing director of the country's largest luxury carmaker.
Schwenk, however, expects sales to remain flat year-on-year in the December quarter as a result of a recovery in October and November. Mercedes-Benz India will likely post a "reasonable growth" in sales next year, depending on how the domestic automobile industry makes the shift towards the stringent Bharat Stage VI (BS-VI) emission norms, he said. India's government is keen to develop the electric vehicle sector, but manufacturers of luxury vehicles will need ...