Mercedes-Benz is experiencing a significant rise in Indian buyers choosing electric vehicles as their first luxury car, according to the company’s India managing director, Santosh Iyer.
This trend is contributing to the German carmaker’s record sales in the country.
“In the first six months of 2024, we sold 9,300 cars in India, of which 5% were electric models, doubling our EV penetration from 2.5% last year,” Iyer told Reuters.
Notably, 15% of all EVs sold by Mercedes in India this year were to first-time luxury car buyers, up from 5% in 2023.
The growth in India’s EV market, although still small, is gaining momentum. Electric models accounted for about 2% of the total 4.2 million cars sold in India last year, with the government aiming to increase this to 30% by 2030.
Mercedes, which recently announced a $24 million investment in India, offers 18 combustion engine car models and six EVs in the country.
The company began assembling EVs in India in 2022, reducing duties as high as 100% on fully-built imported units. The EQS SUV is its second locally-assembled EV.
“We are taking the (EV) transition seriously, and pushing it hard by not only importing products but also localising more and more,” Iyer emphasised.
However, high prices and uncertainty over resale value remain deterrents for many buyers. Despite this, Mercedes-Benz is committed to driving the EV transition in India.
Boluwatife Enome
Follow us on:
Ondo’s Aiyedatiwa has reiterated his bond with Akeredolu, describing his victory as fulfilling the late…
Tottenham's Bentancur has been banned from seven matches and fined $126,000 for making an offensive…
Alibaba aims to raise $5 billion through multi-currency bonds for corporate purposes, including debt repayment…
Nordic countries have updated crisis preparedness guides, urging citizens to be self-sufficient amid escalating global…
Plastic waste is clogging Congo's Ruzizi Dam, causing power outages and disrupting businesses, prompting calls…
The Lagos Safety Commission has advised residents to be vigilant and adopt preventive measures to…
View Comments
<<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;Ncs
AUCTION PHONES AT CHEAPER RATE AND AFFORDABLE PRICE ITEL PHONES, NOKIA LUMIA, TECNO PHONE, INFINIX, IPHONES, HTC, IG PHONES, SAMSUNG GALAXY, LENOVO, MOTOROLA, OPPO PHONE,SONY EXPERIA, GIONEE. E. T.C AND MANY OTHERS.
BAGS OF RICE,VEGETABLE OIL, AND BAGS OF CEMENT FOR SALE IN A CHEAP AND AFFORDABLE PRICE.
BAG OF RICE -50kg.₦25,000
GALLON OF VEGETABLE OIL -25LTR.₦18,500
BAGS OF CEMENTS-/₦5,500
BUYER SHOULD CALL 08O ___-6739 __-9O9O WHATSAPP ME ON 08O ___-6739 __-9O9O
THE NIGERIA CUSTOMS RECRUITMENT FORM AND REPLACEMENT SLOT FORM ARE ALSO AVAILABLE FOR SALES.
THE LISTED VEHICLES AND THE AUCTION PRICES ARE:-
Golf2=₦250,000
Golf3= ₦350,000
Golf4= ₦450,000
Toyota Camry BigDaddy=N550.000 naira Toyota Camry Tiny-Light=N450,000. Toyota venza=N 1.8Million naira
Toyota Hilux=N1Million naira Toyota Camry Muscle =N 1.8 Million naira Toyota Avalon=N 1million naira Toyota Rav4 SUV=N 950,000 naira Toyota Sienna=N 600,000 naira Toyota
Tundra=N1.5m Toyota picnic=N 800,000 Toyota Highlander=N1.2 million naira Toyota Corolla=N 500,000=Tacoma 1.850,000 =Toyota Land Cruiser-N1.3m
naira Toyota Prado=N1.4million naira. Toyota Matrix=N 700,000 . Toyota Haice Bus= N1MILLION=Toyota Dyna Truck–N1.3million
Honda Baby Boy= ₦780,000
Honda Accord EOD= ₦950,000
Honda City= ₦750,000
Honda Crosstour= ₦2M
Honda CR-V= ₦950,000
Honda Odyssey= ₦850,000
Honda Pilot= ₦1.m
Lexus GX460=₦6.6M
Lexus GX470=₦8.4M
Lexus GX570=₦13.8M
Lexus IS-250=₦2.1M
Lexus ES-330=₦1.5M
Lexus ES-350=₦2.6M
Lexus RX300= ₦1.5M
Lexus RX330= ₦2.8M
Lexus RX350= ₦3.2M
Acura RDX=₦3M
Acura RSX=₦2.8M
Acura TSX=₦2.6M
Acura ZDX=₦3.2M
Acura MDX= ₦2.4M
Mercedes-Benz C-Class= ₦950,000
Mercedes-Benz E-Class= ₦1.1M
Mercedes-Benz GLK= ₦4.5m
Mercedes-Benz ML320= ₦850,000
Mercedes Benz ML330= ₦1.8M
Mercedes-Benz ML350= ₦5.2M
Nissan pathfinder= ₦1.9M
Nissan Altima= ₦820,000
Nissan Armanda= ₦3.2M
Nissan Maxima= ₦600,000.e.t.c.
VEHICLES ARE SLIGHTLY NEGOTIABLE〽WE COMMENCE DELIVERY WITHIN 36 STATE IN NIGERIA
THANKS FOR PATRONIZING US.
Bags of cement #5,500
Delivery cost is #2,000〽.〽.〽.〽.〽〽〽〽.〽〽〽〽〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽