Currency fluctuations and a declining rupee may affect prices of imported luxury cars in 2025, said a senior executive of German luxury carmaker Mercedes-Benz India.
The company had its best year ever in India in its 30-year history in 2024, selling 19,565 units and growing by 12.4 per cent, and is hopeful of decent growth in 2025 with an order book of over 2,000 cars.
In fact, in 2024, luxury car sales touched 51,000 units for the first time.
Santosh Iyer, managing director and chief executive officer of Mercedes-Benz India, told Business Standard that many changes are happening on the geopolitical side.
"The dollar has strengthened, but the euro is still stable, thankfully. If the euro follows that trajectory, car prices will further increase, and the variability of the price will depend on the variability of the geopolitical situation and the economic set-up. So, we need to be cautious," he said, speaking from his corner office at Chakan Industrial Area near Pune, where Mercedes-Benz India makes 11 models locally.
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Denne historien er fra January 10, 2025-utgaven av Business Standard.
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