Mercedes-Benz India today announced it will increase the ex-showroom prices of its select models from January 1, 2024. The price hike will be up to 2 percent for select models in the portfolio.
The luxury carmaker states that rising input costs, commodity costs, and logistics costs driven by high inflationary pressures, have been exerting significant pressure on the company’s overall operational cost.The price revision is expected to offset some of these costs to sustain a profitable business for the company and its franchise partners. While the company majorly absorbs these costs, a minute portion of this will be passed on to the market, the company said in its official statement.
Mercedes-Benz India states that the GLS SUV price hike will be in the range of Rs 2.6 lakh and Rs 3.4 lakh for the top-end imported Mercedes-Maybach S 680.
Santosh Iyer, Managing Director & CEO, Mercedes-Benz India said, “High-cost pressures driven primarily by rising input costs, commodity pricing, increased logistics costs, combined with inflationary pressures have been exerting cost pressure on our overall operations. As we rein in higher efficiencies to offset these rising costs, a slight price adjustment for select models is necessitated to sustain our profitable business operations and retain the price positioning.”
The luxury carmaker states that rising input costs, commodity costs, and logistics costs driven by high inflationary pressures, have been exerting significant pressure on the company’s overall operational cost.The price revision is expected to offset some of these costs to sustain a profitable business for the company and its franchise partners. While the company majorly absorbs these costs, a minute portion of this will be passed on to the market, the company said in its official statement.
Mercedes-Benz India states that the GLS SUV price hike will be in the range of Rs 2.6 lakh and Rs 3.4 lakh for the top-end imported Mercedes-Maybach S 680.
Santosh Iyer, Managing Director & CEO, Mercedes-Benz India said, “High-cost pressures driven primarily by rising input costs, commodity pricing, increased logistics costs, combined with inflationary pressures have been exerting cost pressure on our overall operations. As we rein in higher efficiencies to offset these rising costs, a slight price adjustment for select models is necessitated to sustain our profitable business operations and retain the price positioning.”
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Further, he added, “While we continue to absorb the majority of this increase, a small portion must be passed on to the market to offset these cost increase. Our tailored financing solutions from MBFS will however ensure an optimum cost of ownership for customers, having a minimal impact.”
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