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Mercedes-Benz India Shuns Discounts as BMW Leads 2025 Luxury Sales and EVs

Record 2025 India revenue followed a pivot to higher‑margin top‑end models, with executives citing disciplined pricing to protect used‑car values.

Overview

  • Mercedes-Benz India ended 2025 with 19,007 deliveries, down 2.85% year over year, but said revenue hit a record on a richer product mix.
  • Managing director Santosh Iyer ruled out joining a price war, arguing that price discipline preserves brand equity and used-car residuals after the GST revision.
  • Top-end models grew 11% and AMGs rose 34% in India, with the company citing an average selling price of about one crore.
  • Globally, BMW delivered 2,169,761 vehicles in 2025 (-1.4%) to retain the luxury-sales crown, ahead of Mercedes at 1,800,800 (-9%) and Audi at 1,623,551 (-2.9%).
  • EV deliveries in 2025 totaled over 330,000 for BMW, more than 223,000 for Audi, and 168,800 for Mercedes, while all three reported sharp China declines: BMW 625,527 (-12.5%), Audi 617,514 (-5%), and Mercedes 551,900 (-19%).