Market / GNews Forex Watch

Benz says buyers are choosing pricier cars as 28% of India sales come from cars priced above ₹1.4 cr

Mercedes-Benz India expects the luxury car market to continue expanding despite a moderation in overall growth, driven by rising demand for high-end models, new product launches and increasing customer preference for premium vehicles. The automaker says higher input costs and currency depreciation have pushed prices back to pre-GST levels, while electric vehicles now account for 14% of its quarterly sales. The company remains optimistic about long-term demand but expects growth to be more gradual amid an uncertain global economic environment.