Mercedes Benz India clocks 79 pc sales growth | autos | Hindustan Times
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Mercedes Benz India clocks 79 pc sales growth

autos Updated: Jul 01, 2010 20:49 IST

Mercedes Benz India registered 79 per cent sales growth between January and June this year, compared to the corresponding period last year, a top company official said in Kolkata on Thursday.

"We sold 2,402 cars in January-June period in 2010, which is a 79 per cent growth over the same period last year," Mercedes-Benz Managing Director and Chief Executive Officer Wilfried Aulbur told reporters here.

The company had sold 1,342 cars between January and June 2009.

The total sales for the entire 2009 in India were 3,250 cars across all the segments.

"E-class sales rose by 137 percent at 1,056 units," he said.

Aulbur was here to launch the E-class coupe.

He said India is still low in luxury car penetration in comparison to Russia and China. But the company sees remarkable growth potential in India.

Between 2005 and 2009, the compounded annual growth rate of the company was 40 per cent.

The company is expecting to roll out low-floor city buses in the third quarter of 2011, he said.