Pune: Mercedes-Benz India has recently declared that, commencing January 1, 2024, the prices of specific models will experience an increase, with a maximum raise of up to two percent. This adjustment is a response to the escalating input costs, commodity expenditures, and logistic outlays, all of which have surged due to heightened inflationary pressures. The company expects that this price augmentation is imperative to uphold a profitable business stance.
For the GLS SUV, Mercedes-Benz India specifies that the price hike will range from Rs 2.6 lakh to Rs 3.4 lakh, particularly for the premium imported Mercedes-Maybach S 680 variant. Santosh Iyer, the Managing Director and CEO of Mercedes-Benz India, elucidated, “The amplification in overall vehicle prices is attributed to the mounting cost pressures stemming from heightened input costs, logistic expenses, and commodity pricing, all exacerbated by inflationary forces. To ensure the continuity of our profitable business operations and maintain our established price positioning, a modest adjustment in the pricing of selected models is deemed necessary.”
Iyer also assured customers that Mercedes-Benz Financial Services (MBFS) will provide tailored financing solutions to mitigate the impact on ownership costs. He added, “Our customized financing solutions from MBFS are designed to secure a minimal cost of ownership for our valued customers.”