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Mercedes Benz India posts 43 pc decline in sales at 7,893 units in 2020


Mercedes Benz India posts 43 pc decline in sales at 7,893 units in 2020
Mercedes-Benz India, which had sold 13,786 units in 2019, said its sales in the fourth quarter of 2020 grew 40 per cent over the preceding quarter, continuing the strong sales recovery trend as India recovered from the COVID-19 induced disruptions.
German auto major Mercedes Benz on Wednesday reported 43 per cent decline in sales at 7,893 units in India in 2020, impacted by the coronavirus pandemic, which had led to the temporary shutdown of business but maintained its leadership position in the luxury car segment.
Mercedes-Benz India, which had sold 13,786 units in 2019, said its sales in the fourth quarter of 2020 grew 40 per cent over the preceding quarter, continuing the strong sales recovery trend as India recovered from the COVID-19 induced disruptions. ....

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Top 20 models drive over 74% of India's car sales


(Representative image)
CHENNAI: Two consecutive years of low sales, first due to an economic slowdown and then the pandemic, has created a ‘winner takes it all’ situation in the car and SUV market. The top 20 models sold between April and November comprise 74.1% of all passenger vehicle sales in India, up from 70% in 2015-16 and 69% in 2016-17.
In 2017-18, the top 20 passenger vehicles commanded 69.4% of the market, which increased to 72% in 2018-19 and hit 73% in 2019-20.
“When consumption is under pressure, customers tend to experiment less and go with established brands and models, which explains this phenomenon,” said Maruti Suzuki executive director Shashank Srivastava. ....

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