Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
December 13, Wednesday 2017 11:13 AM       

       HEADLINES: Bus falls into river; three die                                              Pettah police beat up Kerala Kaumudi online reporters                                              Jisha murder case: Ameerul Islam convicted; Verdict tomorrow                                              BJP leader Madikkai Kammaran dead                                              Fire breaks out at Thaliparambu Cooperative hospital                                              High-voltage campaign for Gujarat polls to conclude today                                              Not much headway made in Rajiv murder conspiracy probe: SC                                              Honour killing of dalit man in TN: Six sentenced to death                                              Has Rahul Gandhi started wearing Rudraksha beads?                                              Rohingya return deal bad for refugees, says HRW                                              Indian girl drowns in Australia, family request PM to bring body back                                              Kim Jong-un can control weather: N Koreans                                              Quake hits Iran's southeastern province                                              BCCI appoints chief operating officer for NCA                                              Cricket fraternity pours in wishes on Yuvraj's 36th birthday                                              Maradona skips charity match, spends time with kids                                              Kaumudi Facebook
       AUTOMOBILE Next Article: BMW to offer new version of i3 electric car in 2017  
       Mercedes hits currency recall speed bump, lowers sales target
 
         Posted on :15:56:20 Dec 12, 2016
   
A A
       Last edited on:15:56:20 Dec 12, 2016
         Tags: Mercedes hits currency recall speed bump, low
 
NEW DELHI: German luxury carmaker Mercedes Benz today said it has revised downwards its sales growth target for this year in India from an original double digits to flat, mainly due to impact of demonetisation.
 
The company, which sold 13,502 units last year, however, said it will be looking to grow double digits in 2017.
 
"In October, when we came out of the diesel ban in Delhi-NCR, we were still looking for double-digit growth in sales from last year, but demonetisation has had an impact. We will be lucky if we do the same number as last year," Mercedes Benz India Managing Director and CEO Roland Folger told reporters here.
 
He, however, supported Modi government's demonetisation step, saying it will be beneficial in the long term.
 
Describing 2016 as a year of challenges, surprises and lost opportunities, Folger hoped that the next year will be better for the industry as a whole.
 
"This will be a flat year for the luxury car industry in India. However, the next year should be better. We believe that the customers are only postponing their purchases and they'll come back next year," he said.
 
Asked about Mercedes Benz India's target for the next year, he said, the automaker always looks for double-digit growth, provided there are no disruptive surprises.
 
Betting on the mid and long-term future of the Indian market, Folger said, "The market has been steady for a long time and disruptive changes like demonetisation and GST lay down the foundation for long-term growth."
 
The company today opened its 89th outlet in the country with the inauguration of a new showroom in the capital.
A A
       AUTOMOBILE
Next Article: BMW to offer new version of i3 electric car in 2017
 
 
AUTOMOBILE HEADLINES
Tata Motors to hike passenger  
Tata Motors to hike passenger vehicle prices by up to Rs. 25k  
Panasonic develops two-passenger automatic driving vehicle  
World's Fastest Cat goes head to head with Super Fast Car: Who won?  
Toyota, Suzuki finalise pact to launch EVs in India by 2020  
Electric vehicles way ahead for Smog-choked Delhi  
Piaggio to roll out new electric scooter 'Vespa Elettrica' in 2018  
Suzuki unveils new range with enhanced safety measures  
Yamaha unveils 'Motobot' motorcycle-riding robot  
Lutyens Motorrad launched as BMW Motorrad Partner in Delhi  
Hyundai rolls out Tucson with 4WD system at Rs 25.19 lakh  
Mercedes retains top slot in luxury segment in India  
Skoda unveils new SUV Kodiaq  
Mercedes launches Edition C priced at Rs 42.54 lakh  
Tata Motors launches compact SUV Nexon at Rs 5.87 lakh  
Renault unveils premium SUV Captur; launch likely before Diwali  
Datsun India launches redi-GO GOLD 1.0L at Rs. 3.69 lakh  
Jeep Compass bookings touch 10,000 mark  
Chinese passenger car now being manufactured in Pak  
Datsun India launches more powerful redi-GO 1.0L  
Ducati launches the all new Scrambler Desert Sled in India  
Hero MotoCorp phases out select models, variants  
Maruti overtakes Infosys, ONGC in market capitalisation  
GM to stop selling cars in India by 2017 end  
India eyes all-electric car fleet by 2030  
 
Is the on-going IFFK well organised?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy