Mercedes-Benz India reported a 26 per cent jump in sales at 4,022 units in the first quarter of 2022, riding on robust demand for both its SUVs and sedans despite the challenges of semiconductor shortage and global supply chain disruptions, and rising input and logistics costs.

The company had sold 3,193 units in January-March 2021, Mercedes-Benz India said in a statement.

A highest ever order bank of over 4,000 units is leading to a positive outlook in the coming months, it added.
The E-Class long-wheelbase sedan remained the highest-selling model in the first quarter, while GLC was the highest selling SUV, followed by the GLA and GLE SUVs.

• Elecon Engineering Hits Rs 440 High on Rs 1,635 Cr Order Book
• Balkrishna Industries Signs Pirelli Deal for Car Tyres
• KSH International Shares Rise 3% on Power Grid Nod
• Apollo Micro Systems Arm Opens 9,000-Tonne Explosives Plant
• Adani Energy Solutions Q2 Profit Surges 148%

The AMG and super-luxury car portfolio grew by 35 per cent in the first quarter, it added.
Commenting on the sales performance, Mercedes-Benz India Managing Director and CEO Martin Schwenk said the Q1 sales lay a strong foundation for long-term recovery.

“This achievement becomes important in the context of continued intense headwinds like semiconductor shortage, global supply chain disruptions and rising input costs,” he added.
Schwenk further said, “With the highest order bank in our history, we are confident of continuing this growth momentum in the coming months.”