HomeStock MarketNew India CEO claims SIPs threaten Mercedes-Benz.

New India CEO claims SIPs threaten Mercedes-Benz.

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By lapaasindia
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  • Santosh Iyer, the new CEO of Mercedes-Benz India, claimed that systematic investment plans (SIP) are a rival to the business.
  • According to Iyer, there are customers who want to own a Mercedes-Benz but put off making the purchase because they believe they should continue their SIP.
  • Indians, unlike people in the West, have a strong sense of saving and end up saving for both themselves and their children, he continued.

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