Mercedes posts rise in Q1 sales boosted by EVs, premium cars

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Mercedes posts rise in Q1 sales boosted by EVs, premium cars
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Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday.

sales rose moderately in the first quarter of the year, boosted by electric vehicles and premium cars, the German carmaker said on Wednesday.The firm saw the biggest sales plunge in the rest of the world that includes all of the regions except Europe, Asia and North America.by the company to halt export and production in Russia in March last year.The top-end segment - which includes models such as AMG, Maybach and G-class - also demonstrated solid growth of 18%, reaching 91,800 for the period.

Britta Seeger, a Mercedes board member, said both segments posted strong results "despite ongoing supply chain disruptions, economic headwinds and geopolitical uncertainties". Sales in the Mercedes-Benz Vans division grew 12% in the quarter, reaching 98,900 - its best first-quarter result ever.

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