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Mercedes Benz looking at over 10 percent growth in sales

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Kolkata, March

Luxury car maker Mercedes-Benz India is expecting to clock “significantly over 10 percent growth” in sales in the current year, a company official said on Wednesday.

“We are hoping to clock significantly over 10 percent growth in sales in 2017. January and February sales have already increased over the corresponding month last year.

“2016 brought some challenges for us with diesel car ban in Delhi and demonetisation also had short term impact on sales. Despite all these, we sold 13,231 cars in India in the last year, maintaining the sales volume of the previous year,” said car maker’s VP (sales and marketing) Michael Jopp.

He also said that considering the challenges that the car maker had faced in 2016, it did well. However, the sales volume in the last year declined by 1.8 percent compared to sales in the previous year.

Jopp said demonetisation had impacted its sales in the month of November but later it bounced back. “November sales were bad as the demonetisation created uncertainty in the market. The period was not that long and in December, we saw bounce back, otherwise, we would not be able to sell excess of 13,000 cars,” he said.

In the luxury segment, the German car maker has a market share about 45 percent.

“We have been the number one in the (luxury) segment and expanded our margin by more than 40 percent over the next largest competitor in the segment in the last year,” Jopp said, adding that aggressive product expansions, offering petrol and diesel variant across models, widening of the network contributed to the robust sales in the last year.

“Currently, the car maker has about 89 outlets across 41 cities,” he said at the launch of new E-Class sedan here.

According to company official, the E-class sedan which is the India’s highest selling luxury car comprises of about 34 percent of the total cars sold by it in India till date.

“We have received more than 500 bookings for the new car within a week,” he said.

On the impact of the implementation of the Goods and Services Tax, Jopp said: “In the GST regime, we are likely to fall in the highest bracket (of GST rates). We urged for lower tax for our cars. At this point of time, it is speculation unless the final rates are announced.”

“We hope the GST will be implemented in July and it is likely to create some uncertainty in the market but hopefully, it (uncertainty) will be removed as quickly as possible,” he added.

(IANS)

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SRK shows support for Swacch Bharat Abhiyan, unveils portable bin for cars

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Shahrukh khan auto expo

New Delhi, Feb 9: Superstar Shah Rukh Khan on Thursday showed support for Prime Minister Narendra Modi’s Swachh Bharat Abhiyan by unveiling ‘Swachh Can’, a portable bin for users of Hyundai cars.

It was launched under Hyundai Motor India Limited’s ‘Swachh Move’ that supports Modi’s cleanliness campaign.

Image result for SRK unveils portable bin for cars

Image result for SRK unveils portable bin for cars

“‘Swachh Can’ is a simple yet powerful idea and I would like to request every single car owner to go ahead and use it and play their role in the Clean India Movement,” Shah Rukh, dressed in a black and white suit with a waistcoat, said at the Auto Expo at the India Expo Mart in Greater Noida, on Thursday.

Shah Rukh, also the Hyundai Corporate Brand Ambassador, has even taught his youngest son AbRam to focus on cleanliness and be a part of the cleanliness movement.

YK Koo, Managing Director and CEO, Hyundai Motor India Ltd, said: “We recently conducted a survey of car owners and found 98 per cent respondents care about cleanliness of outside infrastructure such as streets, and more than 95 per cent respondents favoured they would prefer a portable covered bin inside the car in which waste items could be disposed off. This led us to innovation of ‘Swachh Can.”

Starting from March 1, the Hyundai product line-up will come with a factory-fitted ‘Swachh Can’.

IANS

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Auto Expo 2018: Mercedes-Benz launches Maybach S 650

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Auto Expo Mercedes-Benz Maybach S 650

New Delhi, Feb 7: Luxury automobile major Mercedes-Benz on Wednesday launched its Mercedes Maybach S 650 and teased its E-Class All-Terrain model for its upcoming India debut.

The company also launched its Made-in-India BS-VI Mercedes Maybach S 560 to continue Maybach’s popularity in India.

While the S 650 model would cost Rs 2.73 crore (ex-showroom), the S 560 would be priced at Rs 1.94 crore, the company said.

The luxury car brand also showcased it futuristic electric vehicle “EQ concept”.

The company made the announcement at the pre-open event of the 14th Auto Expo.

The “Auto Expo — The Motor Show” 2018 is being held from February 9-14, , at the India Expo Mart, Greater Noida.

However, February 7-8 is reserved for the media and exhibitors.

Also Read: Auto Expo: Kia Motors debuts in India to launch vehicle in 2019

Also Read: Tata Motors’ new SUV will be on show at Auto Expo

Also Read: Auto Expo: Hyundai to launch 9 models till 2020

Also Read: From emoji to livestreams, Twitter gears up for ‘Auto Expo 2018’

IANS

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Auto Expo: Hyundai to launch 9 models till 2020

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Hyundai auto expo

New Delhi, Feb 7: Automobile major Hyundai Motor India unveiled the new Elite i20 at the pre-open event of the 14th Auto Expo in Greater Noida on Wednesday. The company also said that it will launch nine new models, including an electric vehicle in the Indian market by 2020. 

The company made the announcement at the pre-open event of the 14th Auto Expo.

The “Auto Expo — The Motor Show” 2018 is being held from February 9-14, 2018 at the India Expo Mart, Greater Noida.

However, February 7-8 is reserved for the media and exhibitors.

Over the years, the Auto Expo has become much less of an event and more of a phenomenon considering that in 2016, the ‘2016 Auto Expo’ was the third most searched topic on Google in India as per Google records. Engaging the populace through a flash-flood of media, with over 2.9 lakh tweets being generated around the Expo in 2018, the 2016 edition saw over 7 lakh people in 7 days, Preparations this year will encompass 8 lakh visitors over the 7-day period.

Also Read: Auto Expo: Kia Motors debuts in India to launch vehicle in 2019

Also Read: Tata Motors’ new SUV will be on show at Auto Expo

Also Read: From emoji to livestreams, Twitter gears up for ‘Auto Expo 2018’

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