Mercedes Benz India announces price hike, model range to be dearer by 5% effective from April 1, 2023
The company cited a depreciation of the Indian currency against the Euro and increased input costs, including logistics, as reasons for the upward revision.
09 Mar 2023
9892 Views
Share -
Mercedes-Benz India, India’s largest luxury car manufacturer, has announced a price increase of up to 5 percent across its model range, effective from April 1, 2023. This comes on the back of a 5 percent price hike that the luxury vehicle maker announced back in December 2022.
“Mercedes-Benz offers the latest model line-up featuring next-gen technology, connected services, luxury appointments and a differentiating customer service. The continuous weakening of the currency combined with increasing input costs have resulted in increased operational cost, necessitating a price adjustment” said Santosh Iyer, Managing Director and CEO, Mercedes-Benz India in a company statement.
The company acknowledged that these factors have been exerting significant pressure on its overall operational costs. While Mercedes-Benz India has been absorbing a substantial portion of the previously mentioned costs, the company believes that some of it needs to be passed on to consumers to sustain a profitable business.
Source: Mercedes-Benz India
RELATED ARTICLES
Incentive for Rare Earth Magnet Production, India’s EV Momentum, Tata’s Bold Plans, & Mercedes Outlook
Autocar Professional Bureau
13 Jul 2025
India’s auto sector sees key moves this week: rare earth incentives, EV milestones, used car growth, Tata’s roadmap, and...
Range Rover Introduces Compact ‘R’ Motif, Lettermark Stays
Autocar India
12 Jul 2025
The new symbol will not replace the Range Rover lettermark but will instead be used in smaller areas and on merchandise....
Ather to Unveil New EL Electric Scooter Platform on August 30
Autocar India
12 Jul 2025
Ather’s Community Day this year will also see the reveal of the company's new fast chargers.
