Mercedes-Benz Set To Hike Car Prices On 1 January, 2024 (Press Release) | V3Cars
Mercedes-Benz India have announced a price increase of up to 2% on select models owing to rising input and logistical costs. The price hike will be effective from 1 January, 2024. Hence, now may be a good time to book your dream Mercedes-Benz.
Here’s what Mercedes-Benz have to say about the price hike:
“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. While we continue to absorb 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.” - Santosh Iyer, Managing Director & CEO, Mercedes-Benz India
- Ex-showroom price of Mercedes-Benz’s select models will increase by up to 2% w.e.f. 1st January, 2024
- Sharp increase in input costs, commodity costs, logistics costs; combined with inflationary pressures have been exerting pressure on Mercedes-Benz business operations
- Price correction for select models is necessitated to offset the operational cost rise and sustain a profitable business operation for the company and its Franchise Partners
- Mercedes-Benz is driving in higher cost efficiencies, absorbing majority of the cost pressures, passing on a small portion to the market
- Smart financial solutions from Mercedes-Benz Financial Services with products like Star Agility+ having tailored financing solutions, enables optimum ownership experience for the customers
- Price hike will be in the range of Rs. 2.6 lakhs for a GLS SUV to Rs. 3.4 lakhs for the top-end imported Mercedes-Maybach S 680
Also Read: Audi India Announce Price Hike Effective January 1, 2024
Maruti Suzuki To Increase Prices On January 1, 2024
Hyundai India To Increase Prices On January 1, 2024
MG Motor India To Increase Prices On January 1, 2024
Note: Now Find Out The Fuel Price In India Using V3Cars
ABOUT THE AUTHOR
Nikil Jonathan
Nikil's a huge fan of classic cars, especially Italian beauties such as the Alfa Romeo Giulia Sprint and the Iso Grifo. His love for cars and bikes originated when he first laid his eyes on a poster of the Ferrari F40 and the MV Agusta F4 when he was just a child. He also loves all things analogue, especially vintage cameras and turntables.
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