Mercedes-Benz India Announces Price Hike by up to 3% in two stages by September
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- The automaker cited a nearly 10% depreciation in the Euro to INR exchange rate over the last four months as the reason behind the decision. This has raised import costs substantially, especially for Completely Built Units (CBUs) and key components.
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German luxury carmaker Mercedes-Benz has announced that it will hike prices of its vehicles in India.
It will be in two phases. The first revision will take effect from 1 June 2025, while a second increase of up to 1.5% will follow from 1 September 2025.
This two-stage price revision announcement allows customers to plan their purchases and finance schemes that best suit their requirements, instead of facing a steep upward price revision owing to the current pricing challenges in the market, the company said.
The automaker said the price increase has been carried out due to a steep 10% increase in Forex rates over the last four months.
Under this, prices will be hiked in the range of Rs 90,000 to Rs 12.2 lakh, depending upon the model.
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Mercedes-Benz Cars Price Revisions
| Model | Current Price (ex-showroom) | New Price (ex-showroom) | Difference |
|---|---|---|---|
| C 200 | ₹59.4 lakh | ₹60.3 lakh | ₹90,000 |
| GLC 300 4MATIC | ₹76.8 lakh | ₹78.3 lakh | ₹1.5 lakh |
| E 200 | ₹79.5 lakh | ₹81.5 lakh | ₹2 lakh |
| GLE 300d 4MATIC AMG Line | ₹99 lakh | ₹1.01 crore | ₹2.5 lakh |
| EQS SUV 450 4MATIC | ₹1.28 crore | ₹1.31 crore | ₹3 lakh |
| GLS 450 4MATIC | ₹1.34 crore | ₹1.37 crore | ₹3.1 lakh |
| Mercedes-Maybach S 680 | ₹3.47 crore | ₹3.60 crore | ₹12.2 lakh |
Mercedes -Benz has also mentioned that it has planned “innovative financing solutions” to help minimise the impact of the price hike.
Mercedes-Benz India MD and CEO Santosh Iyer said the two-stage price hike, entailing a total increase of around 3%, has been initiated to minimise the financial impact for buyers.
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“Over the last four months, the rupee has depreciated in the market, with a 10% drop in the Euro to INR exchange rate, causing significant cost pressures on our business operations,” he noted.
This steep swing in the Euro-INR rate has been severely impacting the cost of imports, for both components and CBU cars, he added.
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