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Mercedes-Benz India Mulls Price Hike By 1-1.5% In September

  • Mercedes-Benz India plans to hike prices by 1-1.5% in September to offset the impact of a weak rupee against the euro.
  • This will be the third price increase this year, following hikes in January and July.
  • The company's MD and CEO, Santosh Iyer, mentioned that the price hike aims to counterbalance the currency fluctuations and is expected to range between 1-1.5%.
  • Despite the potential price hike, Iyer noted that reduced interest rates are helping to balance the impact on buyers' equated monthly instalments, with around 80% of new car sales being financed.

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