In an interplay with PTI, Mercedes-Benz India MD and CEO Santosh Iyer stated the luxurious automotive section is about for its best-ever efficiency this yr with festive season offtakes enjoying a serious function within the total efficiency.
He famous that the festive season usually offers excessive double-digit gross sales progress, serving to the automaker to common out single-digit progress of the sooner quarter.
“So in that sense, on a mean, then we’re capable of get a double-digit progress in the course of the festive season,” Iyer said.
Elaborating on the general business, which nonetheless stays a really small a part of the general passenger car market within the nation, he stated the section is headed for report volumes this fiscal yr however not all gamers are witnessing progress.
“Some (firms) are even degrowing, some are flat and they’re going through headwinds, however as a result of we’re the first participant out there, we nonetheless really feel the luxurious automotive market ought to cross 50,000-51,000 vehicles this yr,” Iyer stated.The luxurious automotive market in India at the moment stays very small accounting for lower than 2 per cent of the general passenger car market within the nation.Audi India Head Balbir Singh Dhillon stated the automaker anticipates constructive shopping for developments to proceed in the course of the festive season.
“Our greatest-selling fashions – the A4, A6, Q3, Q3 Sportback, Q5, Q7, and the newly launched Q8 – proceed to drive sturdy demand,” he added.
The corporate is equally optimistic in regards to the e-tron vary, the e-tron GT and RS e-tron GT, Dhillon stated.
BMW Group India President Vikram Pawah stated the basics of the Indian economic system are sturdy and shopper confidence within the luxurious section is on the rise.
“For BMW Group India, the order financial institution is strong and we try our greatest to hurry up deliveries for our clients. Together with further bookings round Diwali and Dussehra, we’re assured of closing the yr on a excessive notice whereas clocking spectacular progress,” he said.
He famous that the group is witnessing very robust demand for merchandise throughout all segments.
Pawah stated that within the run-up to the festive season, the corporate has launched a number of particular editions of its present mannequin vary. The festive season normally commences with Onam and ends with Diwali yearly.