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.

• Waaree Energies Shares Soar 8% on Securing 170 MW Project 
• Gland Pharma Shares Rally 5% on Securing USFDA Approval
• Reliance Power Shares Hit 5% Upper Circuit as Arm Secures Solar Energy Project 
• Stocks in Focus: ONGC, Reliance Power, Tata Power and Others
• Stocks Under F&O Ban: Hindustan Copper, PVR Inox, RBL Bank, and Others

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.”