Mercedes-Benz India has announced a price increase for its models available in India. The company has revealed that its Indian model line-up will undergo a price increase of up to 5 per cent, which will take effect on April 1, 2023. The luxury carmaker has been forced to make this price adjustment to maintain a sustainable business operation due to a sharp increase in foreign exchange over the last four months and rising input costs. However, the company claims that it will keep providing smart financial options through Mercedes-Benz Financial Services to give customers the most affordable cost of ownership. Additionally, the currency's decline in value in comparison to the Euro, along with rising input costs, such as those associated with logistics, have put significant pressure on the firm's overall operating costs.
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All this led Mercedes-Benz India to increase the ex-showroom price of its model line-up to keep the business profitable. The following is a comprehensive list of the revised prices for each model that will see the price hike.
|Segment||Model||Revised Price (ex-showroom)|
|Luxury||A 200 | A 200d||44 lakh | 46 lakh|
|Luxury||GLA 200 | GLA 220d||48.50 lakh | 50 lakh|
|Core Luxury||C 200 | C 220d||60 lakh | 61 lakh|
|Core Luxury||E 200 | E 220d||76 lakh | 77 lakh|
|Core Luxury||GLE 300d 4M | GLE 400d 4M||90 lakh | 1 crore 8 lakh|
|Core Luxury||GLS 400d 4M||1 crore 29 lakh|
|Top End Luxury||S 350d | S 450 4M||1 crore 71 lakh | 1 crore 80 lakh|
|Top End Luxury||Mercedes-Maybach S 580||2 crore 69 lakh|
|Top End Luxury||EQS 580||1 crore 59 lakh|
Mercedes Benz India: Price Hike Range
Mercedes-Benz will increase the prices of the A-Class limousine and the GLA SUV by Rs 2 lakh, the top-of-the-line S 350d limousine by Rs 7 lakh, and the top-of-the-line Mercedes Maybach S 580 luxury limousine by Rs 12 lakh. As a result, the A-Class Limousine will have a starting price of Rs 44 lakh (ex-showroom). The higher C- and E-Class models will start at Rs 60 lakh and Rs 76 lakh (ex-showroom), respectively. The GLE will have a starting price of Rs 90 lakh, and the GLS will demand Rs 1.29 crore (ex-showroom).
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Mercedes Benz India Price Hike: Here's What the Company Has to Say
Commenting on the latest price hike announcement, Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, said, 'Mercedes-Benz offers the latest model line-up featuring next-gen technology, connected services, luxury appointments, and differentiating customer service. The continuous weakening of the currency combined with increasing input costs has resulted in increased operational cost, necessitating a price adjustment.'
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