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.

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.