Luxury car maker Mercedes Benz said it is “cautiously optimistic” about growth prospects in 2019 since it is an election year. “This is an election year.
Kolkata:
So, we are cautiously optimistic about growth in the first half as people are deferring purchases. We expect that there will growth in the second half,” MD and CEO of Mercedes Benz India Martin Schwenk said. Schwenk said the company sold 15,538 units in 2018 and expects to hold on to its leadership position in the luxury car segment in India with a market share of close to 40 per cent. As of now, the company has 24 models which are being sold in India, of which nine are produced at its Pune plant. The company has invested Rs 2,200 crore in the Pune facility so far.