Mercedes-Benz India to Increase Prices by Up to 3% Starting January 1

German luxury carmaker Mercedes-Benz announced that it will increase prices of its entire vehicle lineup in India by up to 3% starting January 1, 2025. The price hike is attributed to rising input costs, inflationary pressures, and higher operational expenses. The revised prices will range from an increase of ₹2 lakh for the GLC to ₹9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine, according to a statement from Mercedes-Benz India.

The combination of rising input costs, inflation, and higher operational expenses has been exerting considerable pressure on Mercedes-Benz India's business operations and the company has been absorbing the rise in operational cost since the last three quarters, it added.

"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", Mercedes-Benz India Managing Director & CEO Santosh Iyer said.

He further said, "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. To ensure the sustainability of our business, we have decided for a nominal price correction".

This price correction will apply to those vehicles currently not in stock, offering price protection for all existing and future bookings until December 31, 2024, Iyer said.

"Flexible financing options from Mercedes-Benz Financial Services will ensure optimal total cost of ownership for our customers", he added.

Mercedes-Benz India currently offers a range of vehicles, with prices starting at ₹45 lakh for the A-Class and going up to ₹3.6 crore for the G63 SUV.

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