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    Sonal Shridhar Shinde in News

    28-Nov-2022 03:59 PM


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    Mercedes Benz India Finds An Unusual Competitor. Read Details

    Mercedes Benz India says systematic investment plans (SIPs) are a competitor Luxury car maker Mercedes Benz India has sparked an atypical debate that has surprised mutual funds.
    For most Indians, savings takes precedence over spending on luxuries, even for those with substantial disposable income.
    In a report published by the Times of India, Santosh Iyer, Sales and Marketing Head, Mercedes Benz India, has said that the Rs 50,000 that a potential customer invests into a SIP if diverted towards the luxury car market, will see business explode.
    At Rs 50,000 SIP for a reasonable time, it is possible to buy a luxury car.
    SIPs are creating financial freedom for investors to buy what they want.
    The analogy between luxury purchases and savings has attracted many curious reactions on Twitter.
    Source: NDTV
    #MercedesBenz