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Mercedes-Benz India to increase prices of its cars by 2% from 1 January 2024

“High-cost pressures driven primarily by rising input costs, commodity pricing, increased logistics costs, combined
with inflationary pressures have been exerting cost pressure on our overall operations. As we rein in higher
efficiencies to offset these rising costs, a slight price adjustment for select models is necessitated to sustain our
profitable business operations and retain the price positioning. While we continue to absorb majority of this
increase, a small portion must be passed on to the market to offset these cost increase. Our tailored financing
solutions from MBFS, will however ensure an optimum cost of ownership for customers, having a minimal impact.”
Santosh Iyer, Managing Director & CEO, Mercedes-Benz India

 Ex-showroom price of Mercedes-Benz’s select models will increase by up to 2% w.e.f. 1st January, 2024
 Sharp increase in input costs, commodity costs, logistics costs; combined with inflationary pressures have been
exerting pressure on Mercedes-Benz business operations
 Price correction for select models is necessitated to offset the operational cost rise and sustain a profitable
business operation for the company and its Franchise Partners
 Mercedes-Benz is driving in higher cost efficiencies, absorbing majority of the cost pressures, passing on a
small portion to the market
 Smart financial solutions from Mercedes-Benz Financial Services with products like Star Agility+ having tailored
financing solutions, enables optimum ownership experience for the customers
 Price hike will be in the range of Rs. 2.6 lakhs for a GLS SUV to Rs. 3.4 lakhs for the top-end imported
Mercedes-Maybach S 680

Pune: India’s most desirable luxury carmaker Mercedes-Benz India today, announced an upward correction of the
ex-showroom price of its select model range, effective 1st January 2024. The price correction would be up to 2% for
select models in the portfolio.

A combination of rising input costs, commodity costs, and logistics costs driven by high inflationary pressures, have
been exerting significant pressure on the company’s overall operational cost. A combination of these factors has
prompted Mercedes-Benz India to upwardly revise the ex-showroom price of its select models, offsetting some of
these costs to sustain a profitable business for the company and its Franchise Partners. While the company majorly
absorbs these costs, a minute portion of this will be passed on to the market.

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