

By Aditi Shah
NEW DELHI (Reuters) - Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview.
The German luxury carmaker's sales in India rose 41% last year to 15,822 cars, its highest ever in the country, and it has an order backlog of around 6,000 vehicles, Santosh Iyer, managing director for Mercedes-Benz India, told Reuters.
One risk to the growth of India's luxury car market is a weakening Indian currency, which could force Mercedes to increase domestic prices as imported components get pricier, he said.
The rupee fell 10% against the dollar in 2022, its steepest drop since 2013, making it the one of the worst performing Asian currencies.
"One of the biggest risks we see for us is the exchange rate. With the rupee weakening a bit more, that will lead us to more price increases. So that's some headwind we see when it comes to the growth potential," Iyer said.
"But we are starting the year with a very healthy order bank and that gives us the confidence of a double-digit growth even for 2023," said Iyer.
Mercedes plans to launch 10 new cars in India in 2023, most costing more than 10 million rupees ($120,000), the top-end segment that grew 69% in 2022. The new launches will include gasoline cars, electric vehicles (EVs) and plug-in hybrids.
The company launched three EVs in India in 2022 including a locally assembled, electric model of its flagship S-Class sedan. EVs have seen strong demand, with Indian customers waiting four to six months after booking their cars. Iyer wants to reduce this to two to three months before launching more EVs.
India's EV market is gaining momentum - Renault (EPA:RENA) is considering building a mass-market EV locally, Reuters reported on Friday, in a renewed push into a market where sales of such cars expected to grow quickly from a small base.
Domestic carmaker Tata Motors (NYSE:TTM) and foreign players like Stellantis and Hyundai Motor have also lined up EV launches.
Mercedes has seen an easing of a global semiconductor shortage, but still faces some disruption due to a shortage of parts and delayed shipments caused mainly by geopolitical issues, energy crisis in Europe and pandemic-related lockdowns in different parts of the world, Iyer said.
He predicted it will take 12 to 18 months for the situation to normalise.
($1 = 82.5410 Indian rupees)
EUR/USD
1.0869
-0.0020 (-0.18%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
EUR/USD
1.0869
-0.0020 (-0.18%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
GBP/USD
1.2399
-0.0007 (-0.06%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (1)
USD/JPY
129.85
-0.35 (-0.27%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (2)
AUD/USD
0.7108
-0.0006 (-0.08%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (4)
USD/CAD
1.3311
-0.0009 (-0.07%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (5)
EUR/JPY
141.14
-0.65 (-0.46%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (3)
EUR/CHF
1.0015
-0.0005 (-0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Gold Futures
1,928.00
-2.00 (-0.10%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
Silver Futures
23.725
-0.295 (-1.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Copper Futures
4.2300
-0.0375 (-0.88%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (2)
Crude Oil WTI Futures
79.38
-1.63 (-2.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (4)
Brent Oil Futures
86.40
0.00 (0.00%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (5)
Natural Gas Futures
2.856
+0.008 (+0.28%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
US Coffee C Futures
169.25
+2.10 (+1.26%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (7)
Euro Stoxx 50
4,178.01
+4.03 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
S&P 500
4,070.56
+10.13 (+0.25%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
DAX
15,150.03
+17.18 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
FTSE 100
7,765.15
+4.04 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Hang Seng
22,688.90
+122.12 (+0.54%)
Summary
BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (2)
Sell (2)
US Small Cap 2000
1,911.46
+8.39 (+0.44%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (6)
IBEX 35
9,060.20
+24.60 (+0.27%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
BASF SE NA O.N.
52.790
+0.170 (+0.32%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Bayer AG NA
56.28
+0.24 (+0.43%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (3)
Allianz SE VNA O.N.
221.65
+0.05 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Adidas AG
148.30
+3.02 (+2.08%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Deutsche Lufthansa AG
9.755
+0.028 (+0.29%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (10)
Sell (0)
Siemens AG Class N
144.50
+0.44 (+0.31%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (1)
Deutsche Bank AG
12.340
+0.208 (+1.71%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/USD | 1.0869 | ↑ Buy | |||
GBP/USD | 1.2399 | ↑ Buy | |||
USD/JPY | 129.85 | Buy | |||
AUD/USD | 0.7108 | ↑ Sell | |||
USD/CAD | 1.3311 | Neutral | |||
EUR/JPY | 141.14 | ↑ Buy | |||
EUR/CHF | 1.0015 | ↑ Buy |
Gold | 1,928.00 | ↑ Sell | |||
Silver | 23.725 | ↑ Buy | |||
Copper | 4.2300 | ↑ Buy | |||
Crude Oil WTI | 79.38 | ↑ Sell | |||
Brent Oil | 86.40 | ↑ Sell | |||
Natural Gas | 2.856 | ↑ Sell | |||
US Coffee C | 169.25 | Sell |
Euro Stoxx 50 | 4,178.01 | ↑ Buy | |||
S&P 500 | 4,070.56 | ↑ Sell | |||
DAX | 15,150.03 | ↑ Buy | |||
FTSE 100 | 7,765.15 | ↑ Buy | |||
Hang Seng | 22,688.90 | Buy | |||
Small Cap 2000 | 1,911.46 | ↑ Sell | |||
IBEX 35 | 9,060.20 | ↑ Buy |
BASF | 52.790 | ↑ Buy | |||
Bayer | 56.28 | ↑ Buy | |||
Allianz | 221.65 | ↑ Buy | |||
Adidas | 148.30 | Sell | |||
Lufthansa | 9.755 | ↑ Buy | |||
Siemens AG | 144.50 | ↑ Buy | |||
Deutsche Bank AG | 12.340 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,720/ 6,820 (6,720/ 6,820) # 1,331 |
SJC HCM | 6,720/ 6,820 (0/ 0) # 1,331 |
SJC Hanoi | 6,720/ 6,822 (0/ 0) # 1,333 |
SJC Danang | 6,720/ 6,822 (0/ 0) # 1,333 |
SJC Nhatrang | 6,720/ 6,822 (0/ 0) # 1,333 |
SJC Cantho | 6,720/ 6,822 (0/ 0) # 1,333 |
Cập nhật 30-01-2023 00:06:49 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,927.97 | -2.61 | -0.13% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.010 | 23.470 |
RON 95-III | 22.150 | 22.590 |
E5 RON 92-II | 21.350 | 21.770 |
DO 0.05S | 21.630 | 22.060 |
DO 0,001S-V | 23.390 | 23.850 |
Dầu hỏa 2-K | 21.800 | 22.230 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $79.49 | 0 | 0% |
Brent | $86.08 | 0 | 0% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.260,00 | 23.630,00 |
EUR | 24.857,55 | 26.249,47 |
GBP | 28.270,18 | 29.475,66 |
JPY | 175,71 | 186,02 |
KRW | 16,43 | 20,02 |
Cập nhật lúc 18:54:06 29/01/2023 Xem bảng tỷ giá hối đoái |