Mercedes-Benz Group AG

Company Overview

Mercedes-Benz Group AG. It is a German automobile company that sells, designs, develops, and manufactures passenger and commercial vehicles. The company operates through its three business units: Mercedes-Benz Vans, Mercedes-Benz Cars, and Mercedes-Benz Mobility. It sells cars and vans under Maybach, AMG, and G-Class brands. Mercedes-Benz Group provides financing, leasing, car subscription, rental, and mobility services. In 2023, the company sold more than 2.4 million units worldwide. Sales of BEVs of the Mercedes Benz brand rose by 61% to 240,600 units in 2023 compared to 149,200 units in 2022. The most important sales drivers were the EQA model, with sales of 52,500 units, and the EQB model, with 54,800 units.

Financial Highlights (FY 2024)

Company's Business Segments

• Mercedes-Benz Cars : This segment includes Luxury Automobiles like Mercedes-AMG, Mercedes-Maybach, G-Class, S-Class, EQS Sedan, GLS, EQS SUV, Electric Vehicle Architecture .
• Mercedes-Benz Vans : Mercedes-Benz Vans is a global manufacturer of a Comprehensive Van Portfolio. The models offered in the Commercial Segment comprise the Large Van Sprinter, Mid-Size Van Vito, Small Van Citan.
• Mercedes-Benz Mobility : The Mercedes-Benz Mobility division supports the sales of the Mercedes-Benz Group’s vehicle brands worldwide with Custom Financial and Mobility services.