India’s largest luxury carmaker Mercedes-Benz India today announced an upward revision in the price of its entire model range effective 1st January 2023. The imminent price correction would be in the range of up to 5%, across the entire portfolio. 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.
Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said,
“Mercedes-Benz has been creating benchmarks in the luxury automotive industry in India, introducing world-class products and technologies for the discerning customers. However, 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. Though we are absorbing the majority of the increase, we are left with no option but to pass on some portion of the cost hike to the customers. The price correction will ensure the brand’s premium price positioning and continue to offer best-in-class ownership experiences associated with Mercedes-Benz.”
added Mr. Schwenk.
Updated Price of Mercedes-Benz model range
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