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Global EV growth lags, Mercedes adjusts strategy for Indian market

By Economic Times - 7 months ago
Mercedes-Benz India sold less than 700 EVs in a market where its total volumes grew by 10% to 17,408 vehicles in CY2023. Globally, the penetration of electric in total sales was higher at 19% (4% in India) in the same period. Sardien, however, said the company is not looking at changing its strategic direction.

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