Mercedes-Benz India is reportedly planning to hike car prices by up to 1.5% from September 2025. This will be the third price hike to be taken by the luxury carmaker this year.
The company has already hiked car prices in January and July. The third price hike is to mitigate the impact of a weak rupee against the euro, PTI reported.
"There is another price hike coming up in September, because of the euro. If you see, the last one month has remained at the 100 mark (INR), and that has not changed. Therefore, we will have to undertake an increase as well in September,” PTI reported Mercedes Benz India MD and CEO Santosh Iyer as saying.
The price hike is expected to be in the range of 1-1.5%, he said.
Mercedes-Benz retailed 4,238 units at a growth of 10% year-on-year (y-o-y) in the June quarter, amid a robust demand for core and top-end luxury vehicles.
Around 80% of the company's new car sales are financed.
"So, when you look at the equated monthly instalments (EMIs), we have tried to keep the same, though the price of the car has gone up. So, that helps us to mitigate the impact of price increase to a large extent," Iyer noted.
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