Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview.
expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview.
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.10% against the dollar in 2022, its steepest drop since 2013, making it the one of the worst performing Asian currencies.
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