Mercedes-Benz India on Friday announced that it will implement a price hike of approximately 2% across its vehicle portfolio starting April 1, 2026, citing continued foreign exchange volatility and rising input costs.
According to Brendon Sissing, Vice-President – Sales and Marketing at Mercedes-Benz India, the decision has been primarily driven by the sustained depreciation of the Indian rupee against the euro, which has significantly increased the cost of imported vehicles and components.
“Starting April 1, we will be implementing a price correction of around 2% across our portfolio. This decision is largely driven by continued forex volatility, particularly the sustained depreciation of the rupee against the euro, along with rising input costs,” Sissing said.
He further noted that while the company consistently attempts to absorb cost pressures, periodic price adjustments become necessary to ensure business sustainability while maintaining product quality.
“While we always strive to absorb cost pressures, some price adjustment becomes necessary to maintain business sustainability. Our focus remains on ensuring minimal impact on customers while continuing to deliver best-in-class products and experiences,” he added.
Luxury carmakers in India periodically revise prices to offset foreign exchange fluctuations and higher input costs, as a portion of vehicles and components are imported as completely built units (CBUs) or as parts.
