Mercedes-Benz India has announced a price correction of around 2 per cent across its entire vehicle portfolio, which will come into effect from 1 April.
The luxury carmaker said the revision has been necessitated by continued forex volatility, particularly the depreciation of the Indian rupee against the euro, along with rising input costs. The price increase will apply across the brand’s range of sedans, SUVs, and electric vehicles sold in India.
Commenting on the development, Brendon Sissing, Vice President, Sales and Marketing at Mercedes-Benz India, said, “Starting April 1, we will be implementing a price correction of around 2 per cent across our portfolio. This decision is largely driven by continued forex volatility, particularly the sustained depreciation of the rupee against the euro, along with rising input costs.”
He further added that while the company tries to absorb cost pressures wherever possible, a marginal adjustment has become necessary to ensure business sustainability, while continuing to deliver premium products and ownership experiences to customers.
