Mercedes-Benz to Double Its EV Range in India by 2024

Mercedes-Benz India will expectedly enhance its EV range in the country by 2024. The carmaker, according to reports, has claimed that as the demand for zero-emission vehicles in India grows, it plans to have a portfolio of eight electric cars within a year. EQB, EQC, EQS - 53 AMG - a CBU (Completely Built Unit), and EQS 580-Made in India are the current offerings of the company, and the waiting times for practically all of them are between three and six months. The luxury carmaker plans to increase its offering by adding another four additional models in the following eight to twelve months as annual sales almost reach the 1000 unit level. Reportedly, the firm will launch approx ten models in the market this year, with electric vehicles serving as one of the cornerstones of its product range. Let's know in depth regarding the reported future plans of the carmaker for our market.

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Mercedes Benz: India's Sales Contribution

Currently, India is the fifth-largest international market for Mercedes-Benz. According to industry reports, 20% of Mercedes Benz's total sales come from our market. Considering this, the firm reportedly plans to enhance its EV footprint in India. In 2022, Mercedes-Benz India registered a 41% sales growth with 15,822 units dispatched all over the country. In 2018, the carmaker sold 15,583 units and in 2021, it dispatched 11,242 units. The reports predict that the sales figure of 2022 will likely surpass with around 18,000 units in 2023, setting yet another record year for the firm. 

Mercedes Benz: Upcoming Launches 

The company intends to launch ten new models in 2023, with electric vehicles functioning as one of the major highlights of the portfolio. According to industry reports, the new GLC and the plug-in hybrid GT63 AMG e-Performance will launch in the internal combustion engine market.

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The carmaker is reportedly satisfied with the current sales development of EVs in the Indian market. In the following four years, it will strive to make EVs account for 25% of its overall sales. According to the industry reports, the emphasis of the firm right now is to go electric by 2032.