Luxury car maker Mercedes-Benz India, today announced an upward revision of the price of its entire model range effective from September 1st, 2019. The price correction would be up to the range of a moderate 4% varying across the model range
India’s largest luxury carmaker Mercedes-Benz India today announced an upward revision of the price of its entire model range effective from September 1, 2018. The price correction would be up to the range of a moderate 4% varying across the model range. The rising inflation due to geopolitical dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations. While the INR has depreciated by more than 5% against the Euro in last 8 months, the Repo rate has gone up by 0.5% in the last couple of months. The combination of all these factors led Mercedes-Benz India to upwardly revise the prices of its entire model range and also the retail finance rates.
Roland Folger, Managing Director & CEO, Mercedes-Benz India commented, “..A steady rise in input costs against the backdrop of an unfavorable forex rate and high inflationary cost together, have had a significant impact in the recent past. We have been watching this trend cautiously and avoided any price changes in the recent past. Considering the rapid depreciation of the rupee against the major currencies in the last few days, we were left with fewer options, but to make some necessary price adjustments to our product range at the moment.”
“However, despite this moderate price revision, the innovative and tailor-made financial offerings from Mercedes-Benz like STAR Agility, STAR Finance, STAR Lease, Corporate STAR Lease etc. are specially designed for our discerning customers to drive home their dream Mercedes..” Mr. Folger added
Mercedes-Benz India product portfolio comprises the locally produced
Mercedes Maybach S 560
S-Class
E-Class,
C-Class
CLA luxury sedans
GLA
GLE
GLS
GLC
Completely Built imported cars portfolio includes
A-Class
B-Class
CLS
E-Class Cabriolet
S-Class Coupé
C-Class Cabriolet
S-Class Cabriolet
S 600 Guard a range of other Guard vehicles etc.
AMG product portfolio
Mercedes-AMG G 63
AMG CLA 45
AMG C 63 S
AMG E 63 S
AMG S 63 Coupé
AMG S 63 Sedan
AMG GLA 45
AMG GLC 43 Coupé
AMG GLE 43 Coupé
AMG GT S
AMG GT R
AMG GT Roadster sports car
AMG SLC 43
AMG C 43.
The company has launched the Mercedes-Maybach S 650, the New S-Class, the GLS Grand Edition, AMG E 63 S 4MATIC+ and the AMG S 63 Coupe in 2018 for the Indian market.