Mercedes-Benz bets big on mainland

Riding on the back of brisk sales in the first seven months, German luxury carmaker Mercedes-Benz looks poised to make further inroads in the Chinese automobile market as it gears up to launch more models targeting domestic consumers.

The premium sedan maker said car sales in the first seven months of the year grew 49 percent over same period last year. The company sold 31,711 cars during the period and had the highest growth rate in China's luxury car segment, said Klaus Maier, president and CEO of Mercedes-Benz (China) Ltd.

Maier exuded confidence when said the company remains confident of maintaining the scorching pace of growth for the rest of the year too.