Mercedes-Benz Achieves Impressive 37% Sales Growth in Fiscal Year 2023

Luxury carmaker Mercedes-Benz India sold 16,497 cars during 2022-23, which is a 37% increase from the previous year. In January-March 2023, they sold 4,697 cars, which is a 17% increase from the same time last year. The TEV portfolio, which includes models like the GLS and S-Class, had a growth of 107%. The core sedan portfolio, including the C-Class and E-Class LWB, grew by 27%, making up 30% of the company’s March quarter volumes.