Mercedes-Benz Adjusts Prices in Response to Currency Fluctuations

In a recent announcement, Mercedes-Benz revealed plans to increase its vehicle prices by 1-1.5% starting September. This decision comes as a direct response to the weak rupee against the euro, which has been a persistent issue over the past month.

Santosh Iyer, MD and CEO of Mercedes-Benz, highlighted the challenges posed by the current exchange rate. "The rupee has remained at the 100 mark against the euro, and this stability has necessitated a price adjustment to mitigate the impact," Iyer explained.

What This Means for Consumers

Prospective buyers and current owners of Mercedes-Benz vehicles should prepare for the upcoming price adjustments. The company aims to balance the economic pressures without compromising on the quality and service its customers expect.