Mercedes-Benz India Announces Price Hike Of 3%

Mercedes-Benz India has announced a price hike of up to three per cent, applicable to its entire portfolio. The price hike will come into effect on January 1, 2025.

Santosh Iyer, Managing Director and CEO, of Mercedes-Benz India, said, “Over the past three quarters, we have been facing increased pressure on our cost structure primarily driven by escalating material cost, fluctuating commodity pricing, increased logistics expenses and inflationary cost. While we have been absorbing these cost pressures by optimising our operational costs and driving higher efficiencies, the overall bottom line is getting impacted, considering the current challenges. Flexible financing options from Mercedes-Benz Financial Services will ensure optimal total cost of ownership for our customers.”

The German marque said the prices have been hiked due to increased commodity prices and higher logistical expenses, driven by persistent inflationary pressures. Mercedes-Benz India says the price hike will help offset the higher input costs and help it run a sustainable business.

However, Mercedes-Benz did clarify the price hike will only apply to vehicles that are currently not in stock. It also mentioned that all bookings received till December 31 but sold afterwards will not be affected by the price hike. It also mentioned that cars like the GLC and Maybach S 680 will see a price hike of up to ₹2 lakh and ₹9 lakh, respectively.