Mercedes-Benz, the renowned German luxury automobile manufacturer, has expressed optimism regarding its performance in the current calendar year. The company anticipates achieving a double-digit growth rate and expects demand to remain robust during the upcoming festive season, mirroring the positive trends observed in the previous year. This information was shared by Santosh Iyer, the Managing Director and CEO of Mercedes-Benz India, during an interview with PTI at an event showcasing two new high-end vehicle models.

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Iyer highlighted the company's progress in the electric vehicle (EV) segment, noting significant growth in this area. He also revealed plans to introduce an electric version of the prestigious Maybach in September of this year, further expanding their EV offerings.

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The launch event featured the unveiling of two premium models: the Mercedes-AMG GLC 43 4MATIC Coupé and the CLE 300 Cabriolet AMG Line. These vehicles, priced at INR 1.105 crore and INR 1.10 crore respectively, serve to bolster the company's top-end product range, catering to the luxury segment of the market.

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Reflecting on the company's performance, Iyer noted a 9 per cent&nbsp;growth in the first half of 2024. He acknowledged that the second quarter typically experiences lower sales due to seasonal factors, with this year's figures further impacted by the election period. However, he expressed confidence in the market's resilience, citing strong booking trends for the third quarter. Based on these indicators, Mercedes-Benz India is optimistic about achieving double-digit growth by the end of the year, potentially making it their most successful year to date.

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Iyer emphasized the importance of the top-end vehicle (TEV) segment in driving customer loyalty. He noted that this segment experienced a 12 per cent&nbsp;growth in the first half of 2024, outpacing the overall growth rate of 9 per cent. The core luxury segment, which includes popular models such as the E-class, C-class, GLC, and GLE, constitutes 60 per cent&nbsp;of the company's portfolio in India.

&nbsp;

Looking ahead, Mercedes-Benz plans to introduce a new E-class model, which is expected to generate significant momentum in the core luxury segment. Iyer reiterated the company's commitment to maintaining its dominant position in the top-end segment of the market.

&nbsp;

In a significant development for EV enthusiasts, Iyer announced that Mercedes-Benz will launch the EQS Maybach SUV in India on September 5th. This addition will expand the company's top-end portfolio, which currently comprises 16 car models.

&nbsp;

Discussing current market trends, Iyer noted a strong start to August and referenced the 14 per cent&nbsp;year-on-year growth in total passenger vehicle sales observed in July. He interpreted this as a sign of reviving market momentum following a brief lull during the election period.

&nbsp;

Regarding the upcoming festive season, Iyer expressed optimism based on early indicators such as incoming leads and inquiries. He anticipates that the demand for luxury cars will be comparable to, if not better than, the previous year's festive season.

&nbsp;

Mercedes-Benz India reported impressive sales figures for the first half of 2024, with 9,262 units sold, marking a 9 per cent&nbsp;increase from the same period in 2023. This performance represents the company's highest-ever half-yearly sales in India, driven by strong demand across various categories and improved availability of volume models.

&nbsp;

Notably, the company's battery electric vehicle (BEV) portfolio demonstrated remarkable growth, expanding by 60 per cent&nbsp;in the first half of 2024 and accounting for 5 per cent&nbsp;of total sales volumes. This growth in the EV segment underscores Mercedes-Benz's commitment to sustainable mobility and its responsiveness to evolving consumer preferences in the luxury automobile market.&nbsp;

Mercedes-Benz, the renowned German luxury automobile manufacturer, has expressed optimism regarding its performance in the current calendar year. The company anticipates achieving a double-digit growth rate and expects demand to remain robust during the upcoming festive season, mirroring the positive trends observed in the previous year.

Mercedes-Benz, the renowned German luxury automobile manufacturer, has expressed optimism regarding its performance in the current calendar year. The company anticipates achieving a double-digit growth rate and expects demand to remain robust during the upcoming festive season, mirroring the positive trends observed in the previous year. This information was shared by Santosh Iyer, the Managing Director and CEO of Mercedes-Benz India, during an interview with PTI at an event showcasing two new high-end vehicle models. Iyer highlighted the company's progress in the electric vehicle (EV) segment, noting significant growth in this area. He also revealed plans to introduce an electric version of the prestigious Maybach in September of this year, further expanding their EV offerings. The launch event featured the unveiling of two premium models: the Mercedes-AMG GLC 43 4MATIC Coupé and the CLE 300 Cabriolet AMG Line. These vehicles, priced at INR 1.105 crore and INR 1.10 crore respectively, serve to bolster the company's top-end product range, catering to the luxury segment of the market. Reflecting on the company's performance, Iyer noted a 9 per cent growth in the first half of 2024. He acknowledged that the second quarter typically experiences lower sales due to seasonal factors, with this year's figures further impacted by the election period. However, he expressed confidence in the market's resilience, citing strong booking trends for the third quarter. Based on these indicators, Mercedes-Benz India is optimistic about achieving double-digit growth by the end of the year, potentially making it their most successful year to date. Iyer emphasized the importance of the top-end vehicle (TEV) segment in driving customer loyalty. He noted that this segment experienced a 12 per cent growth in the first half of 2024, outpacing the overall growth rate of 9 per cent. The core luxury segment, which includes popular models such as the E-class, C-class, GLC, and GLE, constitutes 60 per cent of the company's portfolio in India. Looking ahead, Mercedes-Benz plans to introduce a new E-class model, which is expected to generate significant momentum in the core luxury segment. Iyer reiterated the company's commitment to maintaining its dominant position in the top-end segment of the market. In a significant development for EV enthusiasts, Iyer announced that Mercedes-Benz will launch the EQS Maybach SUV in India on September 5th. This addition will expand the company's top-end portfolio, which currently comprises 16 car models. Discussing current market trends, Iyer noted a strong start to August and referenced the 14 per cent year-on-year growth in total passenger vehicle sales observed in July. He interpreted this as a sign of reviving market momentum following a brief lull during the election period. Regarding the upcoming festive season, Iyer expressed optimism based on early indicators such as incoming leads and inquiries. He anticipates that the demand for luxury cars will be comparable to, if not better than, the previous year's festive season. Mercedes-Benz India reported impressive sales figures for the first half of 2024, with 9,262 units sold, marking a 9 per cent increase from the same period in 2023. This performance represents the company's highest-ever half-yearly sales in India, driven by strong demand across various categories and improved availability of volume models. Notably, the company's battery electric vehicle (BEV) portfolio demonstrated remarkable growth, expanding by 60 per cent in the first half of 2024 and accounting for 5 per cent of total sales volumes. This growth in the EV segment underscores Mercedes-Benz's commitment to sustainable mobility and its responsiveness to evolving consumer preferences in the luxury automobile market.

Mercedes-Benz rolls out 2 new top-end models

Lewis Hamilton's&nbsp;Mercedes&nbsp;team on Thursday withdrew their appeal against Max Verstappen's controversial title-winning victory in the Abu Dhabi Grand Prix.

Red Bull's Verstappen overtook the British driver on the last lap on Sunday to clinch his first drivers' title and deny his rival a record eighth crown.

The deployment of the safety car after a late crash at the Yas Marina Circuit had wiped out Hamilton's seemingly unassailable lead and Verstappen had the advantage as he was using fresher tyres.

ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/from-sachin-to-rosberg-how-sporting-fraternity-reacted-to-max-verstappens-thrilling-maiden-f1-win-436510">From Sachin to Rosberg: How sporting fraternity reacted to Max Verstappen's thrilling maiden F1 win</a>

The furious&nbsp;Mercedes&nbsp;team had an immediate double appeal dismissed by the stewards, then lodged an intention to appeal against that decision, which they were required to trigger by Thursday evening.

But&nbsp;Mercedes&nbsp;issued a lengthy statement announcing they were drawing a line under the issue.

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— Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) <a href="https://twitter.com/MercedesAMGF1/status/1471419870680125441?ref_src=twsrc%5Etfw">December 16, 2021</a></blockquote>
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The team said they had made the decision following "constructive dialogue" with governing body FIA over establishing clarity for future racing scenarios.

"We welcome the decision by the FIA to install a commission to thoroughly analyse what happened in Abu Dhabi and to improve the robustness of rules, governance and decision-making in Formula 1,"&nbsp;Mercedes&nbsp;said in a statement.

"We also welcome that they have invited the teams and drivers to take part.

"The&nbsp;Mercedes-AMG Petronas team will actively work with this commission to build a better Formula 1 -- for every team and every fan who loves this sport as much as we do. We will hold the FIA accountable for this process and we hereby withdraw our appeal."

ALSO READ |&nbsp;<a href="https://www.wionews.com/sports/abu-dhabi-gp-mercedes-protest-after-max-verstappen-beats-lewis-hamilton-to-win-f1-title-436362">Abu Dhabi GP: Mercedes protest after Max Verstappen beats Lewis Hamilton to win F1 title</a>

Mercedes, who won the constructors' title, said they had initially appealed against the result in the interests of "sporting fairness".

The team also offered congratulations to Verstappen and Red Bull, saying the F1 championship title fight had been "truly epic".

"Though this drivers' championship did not end the way we hoped, we could not be prouder of our team," the statement added.

"Lewis, you are the greatest racer in the history of Formula 1 and you drove your heart out for every lap of this incredible season. You're a flawless sportsman on and off the track and you delivered a faultless performance."

Lewis Hamilton's Mercedes team on Thursday withdrew their appeal against Max Verstappen's controversial title-winning victory in the Abu Dhabi Grand Prix. Red Bull's Verstappen overtook the British driver on the last lap on Sunday to clinch his first drivers' title and deny his rival a record eighth crown.

Lewis Hamilton's Mercedes team on Thursday withdrew their appeal against Max Verstappen's controversial title-winning victory in the Abu Dhabi Grand Prix. Red Bull's Verstappen overtook the British driver on the last lap on Sunday to clinch his first drivers' title and deny his rival a record eighth crown. The deployment of the safety car after a late crash at the Yas Marina Circuit had wiped out Hamilton's seemingly unassailable lead and Verstappen had the advantage as he was using fresher tyres. ALSO READ: From Sachin to Rosberg: How sporting fraternity reacted to Max Verstappen's thrilling maiden F1 win The furious Mercedes team had an immediate double appeal dismissed by the stewards, then lodged an intention to appeal against that decision, which they were required to trigger by Thursday evening. But Mercedes issued a lengthy statement announcing they were drawing a line under the issue. Team Statement - Abu Dhabi Grand Prix pic.twitter.com/tgrBjrNkcz — Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) December 16, 2021 × The team said they had made the decision following "constructive dialogue" with governing body FIA over establishing clarity for future racing scenarios. "We welcome the decision by the FIA to install a commission to thoroughly analyse what happened in Abu Dhabi and to improve the robustness of rules, governance and decision-making in Formula 1," Mercedes said in a statement. "We also welcome that they have invited the teams and drivers to take part. "The Mercedes-AMG Petronas team will actively work with this commission to build a better Formula 1 -- for every team and every fan who loves this sport as much as we do. We will hold the FIA accountable for this process and we hereby withdraw our appeal." ALSO READ | Abu Dhabi GP: Mercedes protest after Max Verstappen beats Lewis Hamilton to win F1 title Mercedes, who won the constructors' title, said they had initially appealed against the result in the interests of "sporting fairness". The team also offered congratulations to Verstappen and Red Bull, saying the F1 championship title fight had been "truly epic". "Though this drivers' championship did not end the way we hoped, we could not be prouder of our team," the statement added. "Lewis, you are the greatest racer in the history of Formula 1 and you drove your heart out for every lap of this incredible season. You're a flawless sportsman on and off the track and you delivered a faultless performance."

Mercedes F1 team drops appeal and congratulates Max Verstappen for maiden title win

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Mercedes-Benz rolls out 2 new top-end models

Mercedes F1 team drops appeal and congratulates Max Verstappen for maiden title win