Mercedes-Benz India to increase the ex-showroom price of its model range, starting 1st January 2023

7^th December, 2022

•      The Ex-showroom price of Mercedes-Benz’s model range will be increased by up to 5%

w.e.f. 1^st January 2023 (Price increase range: INR 1,50,000 for GLA, INR 4.5 lakhs for a S 350d to INR 7.0 lakhs for a top-end Mercedes-Maybach S580)

•      Offsetting the inflationary pressure and constant rise in input cost is required to maintain a sustained business operation for the company and the Franchise Partners

•      Smart financial solutions from Mercedes-Benz Financial Services will enable an optimum cost of ownership experience for the customers

Pune: India’s largest luxury carmaker Mercedes-Benz India today announced an upward revision in the price of its entire model range effective 1^stJanuary,2023. The imminent price correction would be in the range of up to 5%, across the entire portfolio. A constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company. This development has prompted Mercedes-Benz to upwardly revise the ex-showroom price of its model range, enabling a sustainable and profitable business.

Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, “Mercedes-Benz has been creating benchmarks in the luxury automotive industry in India, introducing world-class products and technologies for the discerning customers. However, to run a sustainable and profitable business for us and our Franchise Partners, a price correction is necessitated to offset the rising inflationary cost pressures. Though we are absorbing the majority of the increase,

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we are left with no option but to pass on some portion of the cost hike to the customers. The price correction will ensure the brand’s premium price positioning and continue to offer best-in-class ownership experiences associated with Mercedes-Benz.” added Mr. Schwenk.

The New price range for the model range:

Mercedes-Benz model range	New starting price from 1-January, 23
GLA 200 | GLA 220d	46.50 lakhs | 48 lakhs
C 200 | C220d	57.5 lakhs | 58.50 lakhs
E 200 Exclusive | E220d Exclusive	72.5 lakhs | 73.50 lakhs
GLE 300d 4M | GLE 400d 4M	88 lakhs | 1.05 crores
S 350d	1.65 crores
Mercedes-Maybach S 580	2.57 crores
Mercedes-Maybach GLS 600 (CBU)	2.92 crores

Website-www.mercedes-benz.co.in | Twitter – @MercedesBenzInd | Instagram - @mercedesbenzind

Media Contact Mercedes-Benz India Pvt. Ltd.:

Shekhar Das Chowdhury | shekhar.daschowdhury@mercedes-benz.com |+91 98508 36477

Surabhi Udas | surabhi.udas@mercedes-benz.com | +91 8452957507

Fleishman Hillard:

Soumi Sriram | soumi.sriram@fleishman.com | +91 98195 45378 Prateek Sharma | prateek.sharma@fleishman.com | +91 99714 76254

About Mercedes-Benz India

Mercedes-Benz India pioneered the luxury car market in India. Set up in 2009, Mercedes-Benz India’s worldclass production facility is spread over 100 acres in Chakan near Pune. Since June 2015, Mercedes-Benz India also commenced production from its new expanded production facility located in the sam

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premises. Mercedes-Benz India is part of Mercedes-Benz’s Global Production Network and plays an important role in the CKD/MVP production network in Brazil, Indonesia, Malaysia, Thailand, and Vietnam.

At these locations, Mercedes-Benz produces vehicles in various extension levels for domestic markets. The production facility carries an investment of more than INR 2600 crores and has the largest installed Mercedes-Benz India. E-3, MIDC, Chakan. Tal: Khed. Pune- 410501, India. Tel: +91 2135 673000 / 395000, Fax: +91 2135 673953 Internal production capacity for any luxury carmaker in India. Mercedes- Benz India also has the largest network spread amongst any luxury carmaker, with presence in 47 Indian cities with over 125 touch points. Through the exclusive AMG Performance Centres, the AMG performance sub-brand of Mercedes-Benz also boasts of a strong retail network presence in the country. Mercedes-Benz India boasts of the entire portfolio having the highest number of ‘connected cars’ in the luxury segment. Mercedes-Benz India has a robust product portfolio comprising the locally produced A-Class Limousine, new generation C-Class, E-Class Long Wheelbase, S-Class and Mercedes Maybach S 580, along with the GLA, GLC, GLC Coupé, GLE and GLS luxury SUVs. Mercedes-Benz also locally manufactures three AMG models; the AMG GLC 43 4MATIC Coupe, the AMG A 35 4MATIC+ saloon, AMG GLA 35 4MATIC+ SUV. Completely Built imported cars portfolio includes the V-Class, CLS, C-Class Cabriolet, the G 350d, the EQC and the exciting AMG range.

Mercedes-Benz delivered 11,469 new cars in January-September 2022 period amidst supply constraints. The company posted its highest-ever order bank of 7000+ on the back of its seamless omni-channel luxury ‘direct to customer’ retail platform – Retail of the Future. For 2022, Mercedes-Benz’s motto is ‘YOU First’. While ‘YOU’ underlines Mercedes-Benz India’s commitment to Customers, Franchise Partners, Employees, and the Community at large; ‘First’ places them foremost in priority.