Mercedes-Benz India on Wednesday committed to introduce 10 new models in the current year as it aims for double-digit compound annual growth rate over the next two years.
The firm said sales grew 42.5% year-on-year to 11,242 units in 2021.
Cars will include Maybach, AMG and EQ brands in 2022, including the Maybach S-Class and the locally produced Mercedes-Benz EQS electric sedan.
,[Year] 2022 will be another milestone year as we aim to lead the luxury EV segment by expanding our EV portfolio with the introduction of the first all-electric luxury sedan from Mercedes-Benz, the EQS,” said Martin Schwenk, MD & CEO, Mercedes -Benz India, said.
He added that the firm has decided to start local production of the EQS and is confident that the introduction of local production will be crucial in driving the expansion of luxury EVs in the market.
“We will see significant growth, we will see double-digit growth. We have a very strong order intake. Now, whether we will affect the number of pre-pandemic years will also depend on how the state of the overall supply chain will develop. “But, I am confident that we will see a significant growth and we will reach the level of good years,” he told reporters, adding that the company currently has an order bank of over 3,000 units.
However, he added that supply chain constraints are unlikely to improve in the next few months.
“I think the stability of the supply chain will also need a significant amount of money to be really stable again this year,” he said.
Overall, luxury carmakers have posted decent sales numbers in 2021 despite challenges amid the pandemic. Mercedes-Benz rival BMW Group India recently announced that it has achieved the highest growth in a decade in the country by delivering a total of 8,876 cars including BMW and Mini. Audi India also doubled its sales last year to 3,293 retail units.
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