If you want to buy a car, then hurry up, the cars of this company are going to become expensive from January 1.

If you want to buy a car, then hurry up, the cars of this company are going to become expensive from January 1.

by with No Comment Car Review

New Delhi. Mercedes-Benz has announced an increase of up to 2 percent in the prices of all its model ranges. The new prices of these models will be applicable from January 1, 2026. The company has taken this step due to the current economic conditions affecting the luxury car market. The automaker cited “continued volatility, rising input costs and persistent logistics challenges” as the reasons for the price increase.

Effect of Euro-INR exchange
Additionally, the company has claimed that the Euro-INR exchange rate will remain above Rs 100 throughout 2025, which is higher than the historical average. This impacts the cost of imported components used in local assembly and completely built units (CBUs). Due to this the total operational cost of the company has increased. The brand further said that Mercedes-Benz India has largely managed these increases through its localization strategy, but selective adjustments have become necessary to keep the business sustainable.

rising input costs
Commenting on the issue, Santosh Iyer, Managing Director and CEO, Mercedes-Benz India, said, “Currency challenges have persisted longer than we expected this year, with the euro consistently trading above Rs 100. This prolonged volatility impacts every part of our operations, be it imported components or fully fledged units for local production. Additionally, due to rising input costs, logistics expenses and inflation, our “The total operational costs have increased significantly.”

He further said, “Due to the continuous reduction in repo rate by RBI, Mercedes-Benz Financial Services is able to pass this benefit to the customers, due to which the impact of increase in prices is reduced to a great extent.” The amount of price change will vary depending on the model. Especially in models which are more dependent on imports, more changes will be seen. Locally produced vehicles benefit from the company's Chakan facility. This facility is part of the global production network of Mercedes-Benz.

company portfolio
The models in the company's portfolio in India include the A-Class, C-Class, E-Class Long Wheelbase, S-Class and the Mercedes-Maybach S 580. Electric vehicles manufactured here include EQS 580 sedan and EQS SUV 450. Imported CBUs include the G 450d, GLS Maybach and AMG models (ranging from A 45 S to GT 63 S E-Performance). The BEV lineup also includes the EQA 250, EQB SUVs, EQE 500 4MATIC SUV, Mercedes-Maybach EQS 680 SUV and G 580 with EQ technology.

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MG vehicles will be heavy on the pocket from the new year, price increase announced by 3%, many models including Hector-Astor will become expensive.

MG vehicles will be heavy on the pocket from the new year, price increase announced by 3%, many models including Hector-Astor will become expensive.

by with No Comment Car Review

New Delhi. The beginning of the new year may prove costly for the customers of JSW MG Motor. The company has announced that from January 1, 2025, the prices of all its models will increase by up to 3%. This decision has been taken due to rising input costs, exchange rate impact and increase in logistics costs.

JSW MG Motor India said in its statement that this change in prices is the result of continuously increasing production costs and external factors. Explaining this decision, the company's Chief Commercial Officer Satinder Singh Bajwa said that JSW MG Motor is dedicated to quality, innovation and sustainability. He said that this slight price increase is necessary to deal with the increasing costs. However, the main objective of the company is to minimize its impact on customers.

Before this decision of the company, other big vehicle manufacturing companies have also announced to increase the prices of their vehicles. Hyundai India has announced an increase in prices of all its models by up to Rs 25,000, which will be effective from January 1, 2025. At the same time, Maruti Suzuki has also decided to increase the prices of all its models by 4%. The company has said that this increase is being done due to increase in production cost and operational expenses.

The impact of rising inflation and production costs can be clearly seen in the automobile sector in India. These companies say that due to rising input costs and inflation, it has become their compulsion to increase prices. However, efforts are being made to keep its impact on customers minimal.

Customers planning to buy a car in the new year will now have to pay a higher price. In such a situation, this news may be disappointing for many customers, because due to rising prices their budget may be under pressure. Nevertheless, automobile companies are trying to improve and maintain the quality of their products despite these challenges.

Tags: auto news, MG Motors

FIRST PUBLISHED: December 9, 2024, 11:21 IST

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