Mercedes-Benz India records 18.60% sales decline
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Mercedes-Benz, the largest-selling luxury car brand in India, has suffered a sales decline of 18.60% in India for the first half of the calendar year 2019. The company has sold 6561 units in the January-June period this year while 8061 units were sold in the same period last year. The German carmaker says high-interest rates, inflationary hikes, liquidity crunch, and rising import costs have taken a toll on sales.