MUMBAI (Business Emerge/India): Mercedes-Benz India will revise the prices of its vehicles from January, with the company confirming a planned increase of up to 2 percent as it moves to manage higher input and logistics expenses.
The announcement was issued on Friday, with the manufacturer stating that the upcoming adjustment was prompted by sustained cost pressure during the year. The company noted that currency fluctuations between the euro and the rupee have remained above the 100-rupee level for most of 2024, which has added to the operational burden.
Senior management conveyed that the continued movement in foreign exchange rates has affected the procurement of components sourced from outside India as well as fully imported vehicles. Santosh Iyer, Managing Director and Chief Executive Officer of Mercedes-Benz India, said in a company statement that the volatility had influenced multiple stages of the production and supply chain.
The automaker also indicated that it may review prices again on a quarterly basis in 2025 in order to maintain alignment with existing market conditions. It explained that while most of the increased costs will be absorbed internally, a limited portion will be reflected in revised customer pricing.
Mercedes-Benz India remains the leading seller within the country’s premium vehicle segment, ahead of other established brands such as BMW and Jaguar Land Rover.
