Luxury automakers hike prices up to 3% amid rising costs
Business Standard|November 25, 2024
Amid mounting inflationary pressures, escalating material costs, and rising operational expenses, luxury carmakers Mercedes-Benz India and BMW India have announced price increases of up to 3 per cent on their entire model ranges effective from January 1, 2025.
ANJALI SINGH

Mercedes-Benz India will revise ex-showroom prices by ₹2 lakh to ₹9 lakh, depending on the model. This adjustment will impact vehicles such as the GLC SUV and the high-end Mercedes-Maybach S 680 limousine.

The company cited increased material costs, fluctuating commodity prices, and higher logistics expenses as key factors behind the price adjustment, although the company has been absorbing much of these cost pressures for the past three quarters.

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