Mercedes-Benz India to increase prices of models by up to 5% from January 1

December 07, 2022 09:58 pm | Updated 09:58 pm IST - Mumbai

A constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company, the automaker said.

A constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company, the automaker said. | Photo Credit: BIJOY GHOSH

Mercedes-Benz India has announced an upward revision in the price of its entire model range by up to 5% effective January 1 ,2023. 

“A constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company. This development has prompted Mercedes-Benz to upwardly revise the ex-showroom price of its model range, enabling a sustainable and profitable business,” the company said in a statement.

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.”

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.