Mercedes-Benz India has announced an upward revision in the price by up to 5% of its entire model range, effective January 1, 2023.
A press release from the company noted that the price hike resulted from a constant increase in input costs and logistics costs, which has put significant pressure on the overall operational costs of the company.
Martin Schwenk, Managing Director & CEO, Mercedes-Benz India, said, “To run a sustainable and profitable business for us and our Franchise Partners, a price correction is necessitated to offset the rising inflationary cost pressures.”
The price correction will ensure the brand’s premium price positioning and continue to offer best-in-class ownership experiences associated with Mercedes-Benz, he added.
Also Read
Mercedes-Benz India Launches GLB, EQB Starting At INR 63.8 Lakh