KEY HIGHLIGHTS
- Mercedes-Benz cars to get expensive from next year
- Hike of up to 2 percent on select models
- Higher costs and inflation stated as the the driving factor
Mercedes-Benz India has announced a revision in the ex-showroom prices for select models, effective from January 1, 2024. The brand attributes this adjustment to factors such as rising input costs, commodity costs, logistics expenses, and overall inflationary pressure. The move reflects the industry's response to the ongoing economic dynamics in the automotive sector.
Let's look at what this development means for you.
Mercedes-Benz Cars To Get Expensive From Jan 2024
While the price hike is conveyed by the brand, they have also let out the reasons behind it. Mercedes-Benz has attributed the upward revision of ex-showroom prices to a surge in input costs, commodity costs, logistics expenses, and general inflationary pressure. The brand emphasizes its commitment to absorbing the majority of this increase but deems it necessary to pass on a modest portion to the market to balance the cost escalation. This adjustment will lead to a price increase of up to two percent, specifically applying to select models within the Mercedes-Benz lineup.
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As part of the price revision, Mercedes-Benz has announced a range of increases from Rs. 2.60 lakh for the GLS to Rs. 3.40 lakh for the Mercedes-Maybach S680 variant. This adjustment positions Mercedes-Benz among several other automotive brands, such as Maruti Suzuki, Hyundai, MG, Audi, BMW, Volvo, Volkswagen, Citroen, Skoda, and Mahindra, that have similarly communicated plans to raise prices starting from the upcoming year. The decision reflects the industry's response to various economic factors impacting production costs.
Latest From Mercedes
Mercedes-Benz has introduced the all-new AMG C43 4MATIC in India, commencing at a starting price of Rs. 98 lakhs. Notably, this launch coincides with the introduction of the GLE facelift. The AMG C43 maintains its distinctive AMG-specific styling and appeal, offering a blend of performance and design in line with the brand's high-performance AMG lineup.
Verdict
The rising inflation and input costs si the reason behing Mercedes-Benz hiking the prices of select models as per the brand. While this is a regular practise, a lot of manufactuerers have already revelaled their intentions of increasing the prices from the New Year 2024. Also, If you are someone with a passion for engines mounted on wheels, you must join our Whatsapp Group Community of petrolheads to find out more exciting stuff about the Auto world.
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