Mercedes-Benz hopes govt measures will help sales revive in H2 of 2019



The country's largest luxury car maker Mercedes-Benz India hopes the measures announced by the government will bring about a pick-up in sales in the second half of calendar 2019.


"The (Friday) announcement of the Finance minister will definitely help change the mood a little bit. It will improve financial liquidity in the market. It will also create some confidence of the customers and that goes across the industry," said Martin Schwenk, managing director and chief executive officer, Mercedes-Benz India.


"I think it isn't the car industry only, (but) also the construction industry which needs some amount of positive momentum. I am personally thinking that now in the second half (of the year) you will see some of it. How fast and how quick we will see the growth coming back we don't know. I am quite confident that the second half of the year, which is a festive season, could see the business picking up," Schwenk added. Read Complete Article

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