Luxury car brand Mercedes-Benz expects ‘substantial’ growth in India this year driven by a line-up of 15 products and sustained demand recovery being witnessed from the fourth quarter of previous year, according to a top company official.
The company, sees reaching its peak level of 2018 in India, only in 2022, because of supply-chain constraints especially in Europe.
“Overall, I think we can really assume that the momentum which we have seen in the fourth quarter is continuing. With the reduction of COVID cases a lot of normalcy has happened. We have seen very strong demand in all our range.
“I would think the festive season plus new products have triggered that, and would continue in 2021,” said Mercedes-Benz India Managing Director and CEO Martin Schwenk