23
Tuesday
April 2019
7:30 AM IST
News Headlines
Rahul liar of first order; should apologise to country: BJP on Cong chief''s affidavit in SC        Nation-wide emergency from midnight in Sri Lanka        Pant fires Delhi Capitals to six-wicket win over Rajasthan, go top of table        Shiv Sena asks govt to take over Jet Airways        Congress releases list of six candidates for Delhi Lok Sabha seats        SP-BSP-RLD, an alliance of hearts rather than parties: Akhilesh        CM Nath regime intimidating officials: Shivraj Singh Chouhan        Bairstow and Warner lead Sunrisers to 9-wicket victory        Dhoni''s 84* goes in vain as RCB win 1-run thriller against CSK        Sri Lanka serial blasts : Seven arrested over multiple blasts        Pak Prime Minister Imran Khan arrives in Iran        Serial blasts rip through Lanka on Easter Sunday: 228 dead, 450 injured        US confirms deaths of several Americans in Sri Lanka blasts        Pakistan deplores India''s decision to suspend cross-LoC trade        Multiple blasts likely to have "adverse impact" on Lankan tourism: tour operators        Kerala CM condemns terrorist attack in Sri Lanka        French Police detain over 120 people amid Yellow Vest rallies in Paris        Gunmen kill 2 in north Nigeria        Amit Shah: K Surendran represents believers all over world        Asking vote for those who insulted Ambedkar is stooping to new low: Yogi to Mayawati        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Mercedes "cautiously optimistic" on growth in election year
 
Kolkata Luxury car maker Mercedes Benz on Wednesday said that it is "cautiously optimistic" about growth prospects in 2019 since it is an election year. "This is an election year. So, we are cautiously optimistic about growth in the first half as people are deferring purchases.

We expect that there will growth in the second half," MD and CEO of Mercedes Benz India Martin Schwenk said. Schwenk said that the company sold 15,538 units in 2018 and expects to hold on to its leadership position in the luxury car segment in India with a market share of close to 40 per cent. As of now, the company has 24 models which are being sold in India, of which nine are produced at its Pune plant. The company has invested Rs 2,200 crore in the Pune facility so far.

Schwenk said India is a big market for Mercedes Benz and the focus would be on Tier II and III cities of the country. Schwenk said the company would launch more than 10 models in 2019. He said the sedan and SUV segments would see some ''movements'' which would help the company in maintaining market leadership. According to Schwenk, the size of the luxury car segment is around 40,000 units per annum. He added that the market for Mercedes Benz in West Bengal and the east is around 50 per cent, which is almost at par nationally.

The company, which completed 25 years of operations in India, has dealer outlets of around 95 across 47 cities.


Pakistan deplores India''s decision to suspend cross-LoC trade
Multiple blasts likely to have "adverse impact" on Lankan tourism: tour operators
KCCI Cross LoC trade becomes a casualty of apathy, says Kashmir industry
TATA Group team meets J&K Governor
OYO launches OPEN programme for asset owners
Sensex slips from lifetime high on profit booking
Govt to allocate 440 vacant Jet slots to other airlines
Blue Star launches 75 models in AC range, eyes 13.5 pc market share in FY20
Jet Airways grounds ops temporarily; Secy calls urgent meeting
Jet Airways operating 5 planes, seeks emergency funds: Kharola
3 private players offer ideal, healthy competition: Vodafone Idea CEO
Lenders to Jet working on revival, no final decision yet: PNB MD
UK business says Brexit extension averts crisis
Jaitley discusses India's economic reforms with investors in US
RBI imposes Rs 1 lakh penalty on Lucknow-based co-op bank
Hyundai to train 10k sales consultants for its global connected tech
Facebook to block foreign ads for Australia election
Gold slumps Rs 80 on weak demand
SC quashes RBI circular on insolvency issued last year
Rupee slips 22 paise against US dollar in early trade
KERALA NEWS
Kerala CM condemns terrorist attack in Sri Lanka
 Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Sunday strongly condemned that terrori  
Sexist remark: Electoral Officer warns ruling LDF leader
CPI-M-led LDF holds road show in Wayanad
Toddler in coma after being beaten up; Mother arrested
INTERNATIONAL NEWS
Sri Lanka serial blasts : Seven arrested over multiple blasts
 Colombo: The Sri Lankan government said on Sunday that seven people had been arrested over the multi
Pak Prime Minister Imran Khan arrives in Iran
US confirms deaths of several Americans in Sri Lanka blasts
French Police detain over 120 people amid Yellow Vest rallies in Paris
NATIONAL NEWS
Rahul liar of first order; should apologise to country: BJP on Cong chief''s affidavit in SC
 New Delhi: The BJP demanded an apology from Rahul Gandhi on Monday after the Congress president expr
Shiv Sena asks govt to take over Jet Airways
Congress releases list of six candidates for Delhi Lok Sabha seats
SP-BSP-RLD, an alliance of hearts rather than parties: Akhilesh
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.