Mercedes and BMW Car Price Hike-will become more expensive from January 1 2024

Car Price Hike From January: Generally, an increase in car prices is seen every year in January. The month of January 2024 is also going to be similar. Many companies have announced to increase the prices of their cars. These also include Mercedes-Benz and BMW. Both will increase the prices of their selected cars by 2%. The prices of cars are being increased citing increase in the prices of raw materials, commodities and logistics.

Mercedes-Benz will increase the prices of its selected models in India by up to 2 percent from January 1 in the new year. The price hike will range from Rs 60,000 for the C-Class to Rs 2.6 lakh for the GLS SUV and Rs 3.4 lakh for the ‘top-end’ imported Mercedes-Maybach S 680. Let us tell you that Mercedes-Benz India sells everything from A-Class sedan to SUV G63 AMG. The price of various models of the company ranges from Rs 46 lakh to Rs 3.4 crore.

Mercedes-Benz Managing Director Santosh Iyer said prices of select models will be increased marginally to offset rising costs, drive profitable business operations and maintain value position. He said, “We will bear most of the burden of this increase ourselves, but some of it will also be passed on to the market.”

At the same time, BMW is also going to increase the prices of its cars by 2 percent from January 1. BMW Group India President Vikram Pawah said that the decision to implement price hike across all models of BMW India is in line with the current perspective. 

He said that ‘due to fluctuations in exchange rates and increasing cost of raw materials, we are forced to increase the prices.’ Let us tell you that apart from these, many companies including Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda and Audi have announced to increase prices from January.