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The Hindu
09-05-2025
- Automotive
- The Hindu
Mercedes-Benz India to raise prices by up to ₹12.2 lakh to partly offset a spike in forex rates
Mercedes-Benz India has announced ex-showroom price hike of it's models in the range of ₹9 lakh to ₹12.2 lakh and then by 1.5% later to partly offset a steep 10% increase in forex rates over the last four months. The company has been impacted due to price rise of components and Completely Built Units (CBU). 'While the company absorbs the bulk of the price hike, only a marginal portion is passed on to the market, as Mercedes-Benz India continues to deepen its localization initiatives,' the company said in a statement. The price hike will be in two phases, starting 1-June and then from 1-September to help customers plan their purchases and finance. 'Price corrections will range from ₹90,000 for a C-Class to ₹12.2 lakh for the Top-End Luxury vehicle, Mercedes-Maybach S 680. The second phase of the price revision to the tune of 1.5% will be effective from 1, September 2025,' the company added,' the company said.
India.com
09-05-2025
- Automotive
- India.com
Mercedes-Benz India Announces Two-Stage Price Hike Amid Forex Pressures
New Delhi — Mercedes-Benz India has announced a two-phase hike in the ex-showroom prices of its models, citing sharp fluctuations in foreign exchange rates as the primary driver behind the move. The luxury automaker will implement the price revision in two stages: the first effective from June 1, 2025, and a second increase of up to 1.5% on September 1, 2025. According to the company, the decision was made to help customers plan their purchases more effectively and minimize the financial burden through flexible financing solutions offered by Mercedes-Benz Financial Services (MBFS). The phased revision comes as the Euro-INR exchange rate has depreciated by approximately 10% in the past four months, substantially raising the cost of imported components and Completely Built Units (CBUs). 'We have been absorbing the brunt of the forex impact so far, and increasing localization efforts. However, due to sustained operational cost pressures, we are now compelled to pass on a minimal portion of these increases to the market,' said Santosh Iyer, Managing Director & CEO of Mercedes-Benz India. Despite the price hike, the company is assuring customers that monthly Equated Monthly Instalments (EMIs) will remain largely unaffected, thanks to innovative financing plans like STAR AGILITY and other flexible ownership programs. For example, EMI differences on popular models such as the GLA and GLC are expected to be under Rs 2,000. The second phase of the price correction will see an additional increase of up to 1.5% across the model lineup starting September 1, 2025. Mercedes-Benz emphasized that despite the price adjustments, its continued focus on localization and value-added services will ensure that luxury car buyers face only a minimal increase in ownership costs.
