Mercedes-Benz India Posts Record Fiscal with 18,928 Cars Sold in FY24-25, EVs Sales Surge 51%

The E-Class Long Wheelbase (LWB) continued its strong run as the best-selling luxury vehicle in India, bolstered by the introduction of the E 450 variant.

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The E-Class Long Wheelbase (LWB) continued its strong run as the best-selling luxury vehicle in India, bolstered by the introduction of the E 450 variant. 

Mercedes-Benz India has announced its best-ever fiscal performance in FY 2024-25, retailing 18,928 vehicles, driven largely by surging demand for its top-end luxury (TEV) offerings and electric vehicle (BEV) portfolio. The company also recorded 4,775 units sold in the first quarter of 2025, reflecting sustained momentum despite a decline in the entry-level segment.

According to the company, overall sales grew 4 per cent year-on-year in FY 24-25, largely attributed to a 34 per cent increase in TEV sales and a 51 per cent surge in BEV sales. This performance comes amid challenges in the entry-luxury segment, which saw a 28 per cent decline in Q1 2025, leading to an 11.8 per cent quarterly dip in overall sales volumes compared to the same period last year. 

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High demand has resulted in waiting periods of up to 12 months for the AMG G 63.

Mercedes-Benz’s top-end portfolio, which includes models such as the S-Class, Mercedes-Maybach, AMG G 63, EQS SUV, and the new G 580 with EQ Technology, remained the key driver of growth. In Q1 2025, more than one in four Mercedes-Benz cars sold in India fell into the top-end luxury category. High demand has resulted in waiting periods of up to 12 months for select models, including the AMG G 63 and Maybach S-Class variants. 

The E-Class Long Wheelbase (LWB) continued its strong run as the best-selling luxury vehicle in India, bolstered by the introduction of the E 450 variant. The company’s 'Core' segment, which comprises the C-Class, E-Class LWB, GLC, and GLE, remained the largest contributor to overall sales and saw consistent customer traction across regions.

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Mercedes-Maybach SL 680 Monogram Series was launched earlier this year.

The luxury carmaker’s battery electric vehicle (BEV) strategy also gained significant ground, with BEVs accounting for 7 per cent of total sales in FY 24-25, and increasing to 8 per cent in Q1 2025. The EQS SUV emerged as the highest-selling electric model for the brand in India, supported by local manufacturing and favourable customer response to the EQS 580 and EQS 450 variants. The EV portfolio also saw a boost from the recently launched Maybach EQS Night Series and the G 580 EQ SUV, both commanding long waiting periods due to high demand. SUVs continued to dominate sales, accounting for 60 per cent of the total volume in FY 24-25. The portfolio, including models like the GLA, GLC, GLE, GLS, and G-Class, received strong customer interest. 

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The new GLC remained the largest contributor to overall sales and saw consistent customer traction across regions.

Looking ahead, Mercedes-Benz India has announced an aggressive network expansion plan under its “Go to Customer” strategy. The company will add 21 new MAR20X retail outlets in 2025, with a focus on both metro cities and emerging markets. New facilities are slated to open in Kanpur, Varanasi, Jammu, Patna, and Udaipur, following a recent debut in Agra. The brand also inaugurated a state-of-the-art 3S facility in Bengaluru and a dedicated service centre in Hyderabad. An investment of ₹450 crore from franchise partners is planned over the next three years to support these developments.