Mercedes-Benz and BMW defy slowdown, achieve double-digit growth in India in CY24
New Indian ExpressTop luxury carmakers Mercedes Benz and BMW reported double-digit growth in sales last year even as the overall passenger vehicle industry grew at about 4.5%. Along with our franchise partners, we continue the luxury transformation of our existing network, as we explore new emerging markets having future growth potential,” said Santosh Iyer, Managing Director & CEO, Mercedes-Benz India The BMW Group India also has achieved its best-ever annual car deliveries with 11% growth. We had the strongest product offensive in the luxury car segment, paired with the introduction of new initiatives like Retail.NEXT and expansion of bespoke experiences and services for our customers,” said Vikram Pawah, President and CEO, BMW Group India. Audi India, the third largest luxury carmaker, concluded 2024 with 5,816 retail sales, a 26.7% decline compared to 7,931 units sold in 2023.