India, Oct. 7 -- German luxury vehicle major Mercedes-Benz Group AG (MBGAF) reported Wednesday weak sales in its third quarter with 6 percent lower car and van sales, hurt by persistently challenging market conditions in China.
Mercedes-Benz Group sold 491,700 cars and vans in the third quarter, down 6 percent from last year. Sales of all-electric passenger cars and vans (BEVs) increased by 52 percent to 78,100 from last year.
Mercedes-Benz Cars sales in the quarter reached 407,200 units, a drop of 8 percent year-over-year, driven by continued growth in Europe and North America. Meanwhile, total sales of Mercedes-Benz Cars outside China increased.
Mercedes-Benz Cars achieved a new sales record for all-electric vehicles in the third quart...