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India Today
09-05-2025
- Automotive
- India Today
Mercedes-Benz cars to get costlier as company announces two-stage price hike
Mercedes-Benz India has announced a two-stage price revision for its vehicle lineup, effective from June 1 and September 1, 2025, to counter the impact of foreign exchange fluctuations. The decision follows a roughly 10% depreciation in the Euro to Rupees exchange rate over the past four months, which has escalated the cost of imported components and Completely Built Units (CBUs). advertisementThe company, in an official statement, said that it aims to minimise the financial burden on customers by absorbing a substantial portion of these costs through increased localisation efforts and passing on only a marginal price first phase of the price correction, effective June 1, 2025, will see ex-showroom prices rise by amounts ranging from Rs. 90,000 for the C-Class to Rs. 12.2 lakh for the Mercedes-Maybach S 680. For instance, the C 200 will increase from Rs. 59.4 lakh (ex-showroom) to Rs. 60.3 lakh (ex-showroom).ModelCurrent Ex-showroom PriceNew Ex-showroom PriceChangeC 200Rs 59.4 lakhRs 60.3 lakhRs 0.9 lakhGLC 300 4MATICRs 76.8 lakhRs 78.3 lakhRs 1.5 lakhE 200Rs 79.5 lakhRs 81.5 lakhRs 2.0 lakhGLE 300d 4MATIC AMG LineRs 99.0 lakhRs 1.015 croreRs 2.5 lakhEQS SUV 450 4MATICRs 1.28 croreRs 1.31 croreRs 3.0 lakhGLS 450 4MATICRs 1.339 croreRs 1.37 croreRs 3.1 lakhMercedes-Maybach S 680Rs 3.478 croreRs 3.60 croreRs 12.2 lakhadvertisement The second phase, starting September 1, 2025, will introduce an additional price hike of up to 1.5 per cent across the model range, further adjusting to ongoing forex Iyer, Managing Director and CEO of Mercedes-Benz India, stated that the steep decline in the rupee's value has significantly impacted import costs, compelling the company to implement this minimal price correction. 'Though we have been absorbing most of the exchange rate difference to date and increasing our localisation initiatives, we are now compelled to pass on a small portion to customers,' Iyer said. He emphasised that the staggered approach, combined with flexible financing options, will help customers plan their purchases Financial Services (MBFS) is introducing financing solutions to cushion the impact of the price revision. Schemes such as reduced EMI options and partial ownership through Star Agility will ensure that monthly EMI outflows remain largely unchanged. For models like the GLA and GLC, the EMI increase is expected to be less than Rs. 2,000, offering customers a seamless ownership experience despite the price to Auto Today Magazine
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.
