Categories: Stock Market

Mercedes sales rise in Q2 on top-end, electric vehicles By Reuters


© Reuters. FILE PHOTO: The Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

BERLIN (Reuters) – Mercedes Benz Group (ETR:) sales in the second quarter rose 6% year-on-year – a total of 515,700 vehicles – on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday.

Sales grew in all the carmaker’s main regions – Europe, Asia, and North America – with deliveries in Germany up 23%, while China was up by 12% and the United States by 6%.

In the rest of the world, second-quarter sales fell 12% to 20,700 vehicles.

Electric vehicles continued to be the main growth driver in the quarter, with passenger cars sales growing 123%, to reach 56,300 units.

The top-end segment – which includes models such as AMG, Maybach, and G-class – also posted solid growth of 12% for the period.

 

 

 

Source link

nasdaqpicks.com

Share
Published by
nasdaqpicks.com

Recent Posts

SEBI’s new proposal eases compliance burden on Research Analysts

In a major relief to research analysts, the Securities and Exchange Board of India (SEBI)…

6 minutes ago

Upcoming IPO: BD Securities gets NSE approval to raise funds via public issue

Upcoming IPO: BD Security Limited (BDS), a security services provider and Telecom O&M has received…

10 minutes ago

Tory MP’s killer released from UK anti-terror scheme too early, review finds

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…

11 minutes ago

Kaveri Seeds Q3 PAT up 29%

Kaveri Seed Company Limited has posted a net profit of ₹15 crore in the third…

13 minutes ago

Volatility hits retail investors: NSE sees drop in active clients, demat accounts in January

In a battered market retail investor confidence is faltering as heightened volatility slows active client…

20 minutes ago

Investors rush to protect against Wall Street ‘volatility spikes’

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…

27 minutes ago