Mercedes-Benz announces up to 5 per cent price hike across models

Mercedes-Benz India announced a price increase for all of its models, effective from January 1, 2023. The firm has made the decision to increase prices by up to 5 per cent. The manufacturer has stated that rising input costs and increasing logistics expenses are the main causes of the price hike.

By Reetika Bhatt | on December 8, 2022 Follow us on Autox Google News

The price hike ranges from ₹1.5 lakh for the GLA to ₹4.5 lakh for the S-Class 350d and ₹7.0 lakh for the top-of-the-line Mercedes-Maybach S580.

Mercedes-Benz India has announced a price hike for all of its models. From January 1, 2023, the Indian division of the German luxury automaker will raise the ex-showroom prices of all of its cars and SUVs by up to 5%. The firm claims that the main reason for this price revision is an increase in input and logistics costs.

In its official press release, Mercedes-Benz India stated, 'A constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company. This development has prompted Mercedes-Benz to upwardly revise the ex-showroom price of its model range, enabling a sustainable and profitable business.'

Commenting on this recent update by the company, Martin Schwenk, Managing Director & CEO, Mercedes-Benz India, remarked, 'Mercedes-Benz has been creating benchmarks in the luxury automotive industry in India, introducing world-class products and technologies for the discerning customers. However, to run a sustainable and profitable business for us and our Franchise Partners, a price correction is necessitated to offset the rising inflationary cost pressures.'

'Though we are absorbing the majority of the increase, internally we are left with no option but to pass on some portion of the cost hike to customers. The price correction will ensure the brand’s premium price positioning and continue to offer best-in-class ownership experiences associated with Mercedes-Benz,' he further added. 

Following are the revised starting prices for the model range offered by Mercedes-Benz India:

Model Range Updated Prices (January 2023)
Mercedes-Benz GLA200 / 220d ₹46.60 lakh / ₹48 lakh
Mercedes-Benz C200 / C220d ₹57.5 lakh / ₹58.5 lakh
Mercedes-Benz E 200 Exclusive / E220d Exclusive ₹72.5 lakh / ₹73.5 lakh
Mercedes-Benz GLE 300d 4M / GLE 400d 4M ₹88 lakh / ₹1.05 Crore
Mercedes-Benz S350d ₹1.65 Crore
Mercedes-Maybach S580 ₹2.57 Crore
Mercedes-Maybach GLS600 ₹2.92 Crore

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Tags: Mercedes-Benz

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