Mercedes expects double-digit growth in India in 2023 despite weak rupee

Mercedes Benz'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. 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.

from Auto-Industry-Economic Times https://ift.tt/wfxi2rm