Benz's core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in China, the German luxury carmaker said on Friday. Despite this, Mercedes stock inched higher after the results and was up 4% by 1120 GMT,

Mercedes-Benz experienced a decline in core car sales throughout 2024, reflecting a challenging year for the auto industry, marked by weakening demand in a fragile global economy, particularly in key market China,

Mercedes-Benz’s Top-End Vehicle (TEV) range registered double digit YoY growth of 30% in CY2024. Of every 4 Mercedes-Benz cars sold in CY2024, one was a TEV. Some of the bestselling TEVs include the Mercedes-Maybach S-Class, Mercedes-Maybach GLS SUV and the Mercedes-Maybach EQS 580.

German luxury carmaker Mercedes-Benz sold fewer vehicles in 2024 than in the previous year, the company reported on Friday. The sales decline slowed somewhat in the fourth quarter thanks to a slight recovery in the Chinese market.

Mercedes-Benz registered 12 per cent growth in sales last year with 19,565 units sold, including electric vehicles.

Mercedes-Benz India has recorded its highest-ever annual sales since it started operations in the country three decades ago. The luxury carmaker delivered a total of 19,565 cars in 2024, achieving a remarkable year-on-year (YoY) growth of 12.4%, as announced by CEO Santosh Iyer today.

Mercedes-Benz India sets a record with 19,565 cars sold in 2024, driven by TEVs and BEVs. Celebrates 200K milestone with new models, outlets, and exclusive customer perks.

The second half (H2) saw Mercedes-Benz outperforming the market significantly. While the overall luxury car market grew by 3% in H2, Mercedes-Benz witnessed a 16% growth rate.

In 2024, Mercedes Benz India sold 19,565 units in the country, marking a growth of 12% over 17,408 units in 2023. In 2025, it will launch 8 models. This includes EQS SUV 580, electric G-Wagon and AMG CLE 53 Coupe.

Mercedes launched 14 new cars in India last year, which includes the domestically produced EQS SUV and the Maybach EQS SUV

The previous year seems to have been a good one for luxury carmakers in India, with the two most popular brands – Mercedes and BMW – announcing double digit growth and reporting record sales figures.