However, the organization recorded forty% profits growth in the final quarter of 2020 at 2,886 models when compared to 2,058 models in the preceding quarter. “We are specifically content with the solid This autumn efficiency registering forty% growth over Q3,” Martin Schwenk, taking care of director and CEO, Mercedes Benz India, stated.
“We are cautiously optimistic about 2021 and we back it up with 15 new or renewed products and solutions and improvements in executing organization. 2021 will be a solution-packed year, which we are assured will translate into enjoyment for prospects and our supplier partners,” he stated.
With 15 new launches, Mercedes Benz India hopes to bounce back as the demand is coming back. The new products and solutions will comprise a combine of types throughout system shapes, some without having any predecessor in the Indian market. Setting up Q2, the all-new A-Class Limousine, new GLA, and AMG GT Black Series are some of the most promising products and solutions lined up for the 2021 debut.
However, source lack of semiconductors will have an impact on the output of the luxurious carmaker. “We are looking at a relevant impact on output till April,” Schwenk stated.