The world renowned luxury car maker Mercedes announced that the Indian roads will soon see packed with its entry level car A-Class. The cost would be competitive, said the company, but it may come around Rs 16-20 lakhs. The talk about this car is in the air for more than 10 years but the launch is delayed for one or other reason. The company is understood to have taken note of the price for this so called entry level luxury car. But the company official is optimistic on the ground that the Indian car market is a growing one and there will be a definite ground for the company’s car.
The company has been receiving good returns of late, with the sale of its car in the country till December saw a growth of 80%. This excludes its growth of 157% net growth through GL. This GL is a cross over SUV and is akin to Audi Q7 and BMW’s X5. The bus market for Mercedes is promising but the Europe is still under recovery phase in terms of passenger cars and commercial vehicles (from the previous fall of 90%). The company compensated the dealers by buying back the volume on liquidity and with financial support. The situation in the circle of Daimler too is similar due to the construction problems.