Last Updated: April 21, 2023, 04:33 IST
Mercedes-Maybach EQS SUV (Photo: Mercedes-Benz)
The German auto group stated it recorded an working revenue of 5.5 billion euros ($6 billion) in the primary quarter of 2023
Mercedes-Benz stated Thursday its working income had risen barely in the primary three months of the yr, because it was in a position to shake off the affect of excessive inflation.
The German auto group stated it recorded an working revenue of 5.5 billion euros ($6 billion) in the primary quarter of 2023, up from 5.2 billion in the identical interval final yr.
Higher value tags for the group’s automobiles have been in a position to “overcompensate for the unfavourable results from larger materials prices”, amid soaring inflation, Mercedes’s finance chief Harald Wilhelm said in a statement.
The improvement came “mainly” from the robust efficiency of the automaker’s vans division, Mercedes stated in the assertion.
Mercedes additionally noticed “strong development charges” in sales of both electric vehicles and its high-margin top-end vehicle range, the group said.
Sales of battery-powered vehicles had “almost doubled” in the primary quarter to 51,600 models, representing 10 % of the group’s total gross sales, Mercedes stated in a press release earlier this month.
The robust efficiency was pushed by a 327-percent improve in electrical car gross sales in the United States, the place the federal government has launched a push to get customers to purchase extra battery-powered automobiles.
Meanwhile, gross sales of Mercedes’s top-end automobiles rose by 18 % year-on-year in the primary quarter, with 91,800 models delivered.
The improved efficiency comes as provide chain points which have dogged the auto trade appeared to be letting up considerably.
Mercedes-Benz full first-quarter outcomes will likely be printed on April 28.
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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)
