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Mercedes-Benz hints at further price hike in September

Economic Times

Economic Times · 2m ago

Mercedes-Benz hints at further price hike in September

Mercedes-Benz India plans a further price hike in September due to Euro fluctuations against the Indian Rupee. Previously, prices increased by 1.5% in January and June 2025. Despite this, the company is upbeat about retail sales, aided by interest rate cuts from the Reserve Bank of India and its finance arm. Additionally, Mercedes-Benz is expanding its luxury retail footprint with new "Atelier Experience" showrooms, focusing on top-end vehicle personalization and customer service.

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SPMEPCI scheme to attract foreign players to invest, bring EV portfolio to India: Mercedes-Benz India CEO

Economic Times

Economic Times · 2m ago

SPMEPCI scheme to attract foreign players to invest, bring EV portfolio to India: Mercedes-Benz India CEO

The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) aims to attract foreign investors to bring their EV portfolios to India. Under this initiative, automakers can import up to 8,000 EVs at a reduced duty rate if they commit significant investment in local EV manufacturing. Santosh Iyer of Mercedes-Benz India believes this scheme will benefit new entrants to the Indian market, while established players like Mercedes-Benz continue their current operations.

Mercedes-Benz India seeks long-term policy commitment for electric mobility

YourStory

YourStory · 1y ago

Mercedes-Benz India seeks long-term policy commitment for electric mobility

Mercedes-Benz India is urging the government to maintain consistent policies supporting electric mobility over the next eight to ten years to enable better long-term planning for zero-emission vehicles. The automaker believes extending incentives for electric vehicles to hybrid models will help facilitate a smoother transition to emission-free mobility. Mercedes-Benz India has seen an increase in electric vehicle sales, reaching a penetration rate of 6% in Q1 2024, and plans to launch three new EV models this year. The company is also calling for increased investment in infrastructure to further boost the growth of electric mobility.

Tata Elxsi Partners with Mercedes-Benz for Software-Defined Vehicle Development

OutlookIndia

OutlookIndia · 3m ago

Tata Elxsi Partners with Mercedes-Benz for Software-Defined Vehicle Development

Tata Elxsi has partnered with Mercedes-Benz Research and Development India to advance Software Defined Vehicle (SDV) development. Leveraging its AVENIR SDV and AUTONOMAI ADAS suites, Tata Elxsi will focus on scaling and accelerating vehicle software development for Mercedes-Benz. This collaboration underscores Tata Elxsi’s expertise in autonomous, electric, and connected vehicles, contributing to Mercedes-Benz's aim to lead in software-defined mobility, enhancing driving experiences, safety, and performance in modern vehicles.

Mercedes-Benz looks to roll out more models offering customisation

Economic Times

Economic Times · 2m ago

Mercedes-Benz looks to roll out more models offering customisation

Mercedes-Benz India plans to release more customizable special edition vehicles, utilizing expertise from its Bengaluru R&D center. Recently, it launched the AMG G 63 'Collector's Edition', priced at Rs 4.3 crore, with only 30 units available. This model reflects India's landscape and was developed with the Bengaluru team. The trend of hyper-personalization is growing in the luxury car market, with customers seeking exclusive, personalized vehicles, according to Mercedes-Benz India MD and CEO Santosh Iyer.

Mercedes joins hands with DPIIT to support startups

Economic Times

Economic Times · 5m ago

Mercedes joins hands with DPIIT to support startups

Mercedes-Benz India has partnered with DPIIT to support startups through mentorship, funding access, and opportunities for scaling innovations internationally. The collaboration, formalized with a Memorandum of Understanding, aims to foster innovation, sustainability, and entrepreneurship within India’s startup ecosystem. It focuses on advancements in road safety, environmental sustainability, and societal development. Mercedes-Benz will offer infrastructure and market linkages, while DPIIT will enhance visibility and participation through the Startup India initiative.

Mercedes begins piloting Apptronik humanoid robots

TechCrunch · 1y ago

Mercedes begins piloting Apptronik humanoid robots

Apptronik, an Austin-based robotics startup, has partnered with Mercedes-Benz to explore applications for advanced robotics in Mercedes-Benz manufacturing. While specific details of the partnership have not been disclosed, these deals typically involve a small number of systems for testing purposes. The collaboration signifies Mercedes-Benz's interest in future technologies and could potentially lead to a larger order if the pilot is successful. This is a significant development in the humanoid robotics industry, which has been attracting significant investor interest. Apptronik's expertise in humanoid robotics, particularly with NASA's Valkyrie robot, positions them well for this partnership.

Mercedes-Benz India reports best-ever retail sales in FY24

Money Control

Money Control · 1y ago

Mercedes-Benz India reports best-ever retail sales in FY24

Mercedes-Benz reported its highest-ever retail sales in India for the fiscal year 2023-24, with 18,123 units sold, a 10% increase compared to the previous year. The company attributes the growth to strong demand for its SUV range. Mercedes-Benz plans to introduce nine new models in India this year, including three battery electric vehicles (BEVs). Additionally, the automaker will expand its AMG performance range and open new luxury workshops in major Indian cities.

Mercedes-Benz mulls assembling more EVs in India to meet zero emission, carbon neutrality goals | Mint

Livemint

Livemint · 1y ago

Mercedes-Benz mulls assembling more EVs in India to meet zero emission, carbon neutrality goals | Mint

German luxury carmaker Mercedes-Benz is considering assembling more electric vehicles (EVs) at its Indian plant to achieve cost savings and fulfill its goals of zero-emission mobility and a carbon-neutral setup. The company, which currently assembles its flagship electric sedan EQS in India, is evaluating the localization of other EV models based on market demand. Mercedes-Benz aims to achieve net carbon neutrality for its entire fleet of vehicles by 2039 and reduce CO2 emissions per passenger car by up to 50% across all stages of the value chain by the end of this decade.

Mercedes says top-end car portfolio continues to drive growth in volatile mkt

Economic Times

Economic Times · 16d ago

Mercedes says top-end car portfolio continues to drive growth in volatile mkt

Mercedes-Benz India's top-end model range continues to drive growth despite a volatile market, according to MD and CEO Santosh Iyer. The Indian luxury car market is growing at 4-5% annually. While demand remains flat compared to last year, Mercedes sees growth in its top-end and core segments despite declines in entry-level vehicles. Geopolitical developments, GDP growth projections, and record GST collections are influencing factors, and the new AMG CLE 53 4MATIC+ Coupe was launched at Rs 1.35 crore.

Huawei approaches Audi, Mercedes on smart car investment

Economic Times

Economic Times · 1y ago

Huawei approaches Audi, Mercedes on smart car investment

Chinese technology giant Huawei has reportedly approached Mercedes Benz and Volkswagen's Audi to assess their interest in buying small stakes in its smart car software and components firm. The move is aimed at expanding partnerships beyond Chinese brands and potentially safeguarding the business from geopolitical tensions. Huawei aims to become a dominant supplier of software and components for smart electric vehicles (EVs) and plans to spin off its Intelligent Automotive Solution (IAS) business unit. Mercedes has shown limited interest as it prefers to control its own software, while Audi's level of interest remains unclear.

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