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Mercedes-Benz India sales rises 1.4% to 15,538 units in 2018
Posted on 9th January 2019
German auto major Mercedes-Benz Wednesday reported 1.4 per cent increase in its sales in India with a record 15,538 units in 2018, retaining its leadership position in the luxury segment for the fourth year in a row. The company had sold 15,330 units in 2017, Mercedes-Benz India said in a statement.

Sales in 2018 were driven by an all-round performance across segments from the new-generation cars, sedans, SUVs and the AMG portfolio, it added.

Mercedes-Benz India Managing Director and CEO Martin Schwenk said, "We are satisfied with our sales performance in 2018 despite facing strong macro-economic headwinds in H2, resulting in low consumer sentiment that posed significant sales challenges."

However, "we made a strong comeback in the Q4 period and were able to achieve a year-on-year growth," he added.

The company's rival BMW India had posted 13 per cent increase in car sales to 11,105 units in 2018, compared with 9,800 units in the previous year, while Tata Motors-owned Jaguar Land Rover reported 16.23 per cent increase in its 2018 sales at 4,596 units as against 3,954 units in 2017.

Volvo Auto India posted 30 per cent increase in its sales at 2,638 units in 2018 as against 2,029 units in the previous year. Another major player in the segment, Audi, is yet to declare its 2018 sales.

On the outlook for the new year, Schwenk said, "2019 is going to be an important year for Mercedes-Benz India, as we reach the milestone of '25 years of Mercedes-Benz in India'. The year will be marked with some of the most significant product introductions which will redefine luxury motoring and chart new avenues for future mobility."

The company will introduce in over ten new products, including an array of products from the performance brand AMG, this year.


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EC likely to announce Lok Sabha poll schedule in March first week: Sources
Posted on 18th January 2019
The dates for the Lok Sabha elections are likely to be announced in the first week of March, sources indicated on Friday.The term of the present Lok Sabha ends on June 3.

The Election Commission is in the process of deciding the number of phases and the months in which polling would be held, they said.


India vs Australia 3rd ODI: As it happened in Melbourne
Posted on 18th January 2019
MS Dhoni hit his third half century in as many matches while Kedar Jadhav scored an unbeaten fifty as India beat Australia by 7 wickets in the third and final match to win the ODI series 2-1.

Chasing a target of 231, India lost Rohit Sharma early. However, Shikhar Dhawan and Virat Kohli moved the score ahead. It was left to Dhoni along with Jadhav this time to take India home again.


Sun Pharma seeks Sebi help, shares plummet after whistleblower complaint
Posted on 18th January 2019
Sun Pharmaceutical Industries Friday asked markets regulator Sebi to look into the issues of certain entities and individuals allegedly adopting unfair trade practices prejudicial to the company's shareholders.

Against the backdrop of reports that a second whistleblower complaint has been filed against it and shares taking a beating on the exchanges, Sun Pharma has written to Sebi flagging concerns that certain entities are allegedly adopting unfair trade practices.


Suzuki to commission third plant at Gujarat by 2020; launch hybrid vehicles
Posted on 18th January 2019
Japanese auto maker Suzuki Motor Corporation Friday said it will commission its third plant at Gujarat by 2020 and will aggressively introduce new hybrid vehicles in India with technical support from Toyota.

Speaking here at the Vibrant Gujarat Global Summit here, Suzuki Motor Corporation (SMC) President Toshihiro Suzuki also sought an enabling policy support from the government to further invest in localisation of components of hybrid and electric vehicles.


Wipro nears 52-week high ahead of board meet for bonus issue, Q3 results
Posted on 18th January 2019
Shares of Wipro were trading firm at Rs 341 apiece, up 1.5 per cent on the BSE, in an otherwise subdued market, ahead of the board meeting today to consider bonus issue and December quarter results.

in comparison, the S&P BSE Sensex was down 0.15 per cent at 36,320 points at 11:06 am. Wipro was trading close to its 52-week high of Rs 344 hit on December 13, 2018, on the BSE in intra-day trade.


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