Mercedes-Benz still feels the effects from the global semiconductor shortage which hit the auto industry and supply chain constraints. According to PTI, Mercedes-Benz does not expect the situation to improve by 2022. However, it also stated that it was difficult to predict how it will change in the future.
Martin Schwenk, the CEO and Managing Director of Mercedes-Benz India, stated that not only were there shortages in semiconductors, but also congestion in shipping. Schwenk said that there were significant supply issues which limited the number of cars the company could produce and deliver, resulting in a longer wait for customers. Schwenk said that global economic uncertainties and tensions in politics had worsened over recent months. This led to a lot more questions being raised on the markets about the current economic conditions.
Mercedes has a few launches planned for India in 2022. These include the all-electric EQS flagship sedan, and EQB SUV.
Schwenk said however that, while there was uncertainty about production levels, global economic uncertainties and the geopolitical crises were still affecting Indian consumer sentiment. The carmaker stated that it has more than 5,000 pending orders in the country, with the number of bookings increasing.
However, he said that prices had risen on several occasions in recent months due to rising input costs. He added that the company would continue to monitor inflation and pricing.
In the coming months, Mercedes will launch some major launches in India including the all-electric flagship, EQS luxury sedan, and the EQB electrical SUV. At the beginning of the year, the carmaker had announced its plans to launch 10 new models for India in 2022. These include the new Mercedes-Maybach S-Class as well as the new-gen C-Class.