Mercedes Benz India has clocked a 79 per cent growth in its car sales between January and June according to its Managing Director and CEO Wilfried Aulbur.
Talking to reporters after launching the new E-class coupe and inaugurating a state-of-the-art showroom Interkrafts here, he said 2,402 cars were sold in the first six months of 2010 as compared to 1,342 cars sold in the same period in 2009. During 2009 altogether, 3,250 cars were sold. He said that although penetration of the luxury car segment was low in India as compared to countries like China, “there has been remarkable growth in this segment and it may continue to surprise as there is potential.”
It was learnt that between 2005 and 2009 this segment had witnessed a compounded annual growth rate of 40 per cent.
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Mr. Aulbur also said that by the third quarter of next year the low-floor city buses were likely to roll out.
On Interkrafts, Mr. Aulbur said they had represented Mercedes Benz India since 2002.