Mercedes-Benz India to hike prices by up to 3 pc from Jan 1

The operation of rising input costs, inflation, and higher operational expenses has been exerting sizeable unit connected Mercedes-Benz India’s concern operations and the institution has been absorbing the emergence successful operational outgo since the past 3 quarters, it added.

“Over the past 3 quarters, we person been facing accrued unit connected our outgo operation chiefly driven by escalating worldly cost, fluctuating commodity pricing, accrued logistics expenses and inflationary cost,” Mercedes-Benz India Managing Director & CEO Santosh Iyer said.

He further said, “While we person been absorbing these outgo pressures by optimising our operational costs and driving higher efficiencies, the wide bottommost enactment is getting impacted, considering the existent challenges. To guarantee the sustainability of our business, we person decided for a nominal terms correction.” This terms correction volition use to those vehicles presently not successful stock, offering terms extortion for each existing and aboriginal bookings until December 31, 2024, Iyer said.

“Flexible financing options from Mercedes-Benz Financial Services volition guarantee optimal full outgo of ownership for our customers,” helium added.

Currently, Mercedes-Benz India sells a scope of vehicles with prices starting from Rs 45 lakh for the A-Class to Rs 3.6 crore for the G63 SUV.