About this episode

Shantanu interviews Santosh Iyer about the challenges and dynamics of India's luxury car market.

India’s richest buyers still choose SIPs over Mercedes. Why? When a ₹1 Cr car loses to a ₹10k SIP, you’re not fighting competitors, you’re fighting mindset. In this episode, Shantanu sits down with Santosh Iyer (MD & CEO, Mercedes-Benz India Pvt. Ltd.) for a no-filter conversation on why India’s luxury car market is still tiny, what really drives high-ticket purchases, and how culture, family hierarchy, and risk appetite shape consumption in this country. From selling weighing machines to building one of India’s most premium auto brands, Santosh’s journey is anything but conventional. He shares how early failures in Nepal, turning around Yamaha, and working across global companies shaped his belief in one core idea: trust first, everything else later. Key takeaways from the episode: 1. Why Mercedes competes with SIPs, not just BMW & Audi 2. Why a ₹1 Cr car still takes 45 days of family decision-making 3. What stops India’s luxury market from scaling despite rising incomes 4. How D2C changed car buying and killed the “discount mindset” 5. What EVs, AI, and the next decade of mobility will actually look like. If you’re building a premium brand, selling high-ticket products…

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