...
...
Next Story

Boosted by EVs and premium cars, Mercedes Q1 sales rise

The firm's sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%.

Published on: Apr 12, 2023, 14:40:19 IST
Advertisement

Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday.

Mercedes is also considering expanding its U.S. plant in Tuscaloosa. (File)
Mercedes is also considering expanding its U.S. plant in Tuscaloosa. (File)

Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%.

The firm saw the biggest sales plunge in the rest of the world that includes all of the regions except Europe, Asia and North America.

The number dropped by almost a quarter there, impacted by a decision by the company to halt export and production in Russia in March last year.

EVs were the main growth driver in the quarter, with sales almost doubling to 51,600 units.

The top-end segment - which includes models such as AMG, Maybach and G-class - also demonstrated solid growth of 18%, reaching 91,800 for the period.

Britta Seeger, a Mercedes board member, said both segments posted strong results "despite ongoing supply chain disruptions, economic headwinds and geopolitical uncertainties".

Sales in the Mercedes-Benz Vans division grew 12% in the quarter, reaching 98,900 - its best first-quarter result ever.

 
Get the latest Car and Bike News, new launches, upcoming vehicles, reviews, prices, features and comparisons. Stay informed about everything happening in the automobile industry.
Get the latest Car and Bike News, new launches, upcoming vehicles, reviews, prices, features and comparisons. Stay informed about everything happening in the automobile industry.
SHARE THIS ARTICLE ON