Mercedes-benz

Mercedes-Benz India may hike prices quarterly in 2026 amid rupee weakness

Mercedes-Benz India is considering hiking prices of its products every quarter in the next calendar year to offset the adverse impact of rupee depreciation against the euro, its Managing Director and CEO Santosh Iyer said on Tuesday. The company has already announced plans to hike prices of its products by up to 2 per cent from January 1, 2026. The price adjustment reflects the ongoing forex challenges as euro-rupee exchange rate consistently remains above Rs 100-mark in 2025, significantly higher than historical averages, it had stated. "We are considering price hike every quarter next year, and that is because of rupee devaluation to euro," Iyer told PTI here on the sidelines of FICCI Mercedes-Benz Bharat Innovation business ideas challenge programme launch. He said about 18 months back, the exchange value was Rs 89 to a euro and now it's around Rs 104-105. "That is more than 15-18 per cent of depreciation," he noted. While the company has already announced price hike from Janu

Mercedes-Benz to pay $149.6 mn to settle emissions allegations in US

Mercedes-Benz USA and parent company Daimler AG have agreed to pay USD 149.6 million to settle allegations that the automaker secretly installed devices in hundreds of thousands of vehicles to pass emission tests, a coalition of attorneys general announced Monday. According to the coalition, between 2008 and 2016, the German automaker equipped more than 211,000 diesel passenger cars and vans with software devices that optimised emission controls during tests but reduced the controls during normal operations. The devices enabled vehicles to far exceed legal limits for nitrogen oxides, a pollutant that can cause respiratory illnesses and contributes to smog. The states alleged that Mercedes installed the devices because it couldn't reach design and performance goals, such as fuel efficiency, while complying with emissions standards. The automaker allegedly concealed the devices from state and federal regulators and the public while marketing the vehicles as environmentally friendly and

Mercedes-Benz to pay $149.6 mn to settle emissions allegations in US

Mercedes-Benz USA and parent company Daimler AG have agreed to pay USD 149.6 million to settle allegations that the automaker secretly installed devices in hundreds of thousands of vehicles to pass emission tests, a coalition of attorneys general announced Monday. According to the coalition, between 2008 and 2016, the German automaker equipped more than 211,000 diesel passenger cars and vans with software devices that optimised emission controls during tests but reduced the controls during normal operations. The devices enabled vehicles to far exceed legal limits for nitrogen oxides, a pollutant that can cause respiratory illnesses and contributes to smog. The states alleged that Mercedes installed the devices because it couldn't reach design and performance goals, such as fuel efficiency, while complying with emissions standards. The automaker allegedly concealed the devices from state and federal regulators and the public while marketing the vehicles as environmentally friendly and

Mercedes clocks best ever Navaratri with retail sales of 2,500 cars

After a sluggish July-August, Mercedes-Benz India posts record Navratri sales on GST cut boost; entry-level models lag but GLA under Rs 50 lakh may revive demand

Mercedes-Benz considers price hike early next year over forex woes

Luxury carmaker Mercedes-Benz is looking to increase prices early next year in order to offset the impact of a weakened rupee against the euro, according to the company's MD and CEO Santosh Iyer. The automaker has already increased prices by around 3.5-4 per cent this year. "We are still priced around 93-94 to the euro, and the euro today is at 103 level, which means we will be forced to take further price increases, maybe early next year," Iyer told PTI in an interaction. He noted that the company is avoiding taking the price increase for now but "there would be not an option" going ahead. "And that means, again, we go back to a higher pricing levels... but we feel the market should be able to absorb the higher pricing in the future if overall macro economy improves, because the purchasing power will improve significantly, and there should be a big traction (post-GST rate cut)," Iyer said. The depreciation of the rupee against the Euro is close to 14-15 per cent and the company s

Mercedes-Benz launches electric version of top SUV to boost luxury push

Unveiled at the Munich auto show on Sunday, the GLC sport utility vehicle competes with BMW AG's iX3 and Tesla Inc.'s Model Y

Bulk of Mercedes-Benz cars in India are E20 compliant: MD Santosh Iyer

Mercedes-Benz India says all BS-6 cars sold since 2018 are E20 compliant, amid social media debate over ethanol-blended fuel's impact on performance and efficiency

Mercedes-Benz India unfazed by China rare-earth magnets supply curbs

Company is 'comfortably placed' this year in sourcing critical supply, says automaker

Mercedes-Benz cuts costs, renews focus on combustion engine models

The German luxury carmaker will release 19 new combustion engine models and 17 battery-electric cars by the end of 2027

Eyes on the road: How Santosh Iyer is shaping Mercedes-Benz India's path

For Santosh Iyer, the drive is as much about the journey as it is about the destination - whether on the road or steering Mercedes-Benz India into the future

Mercedes-Benz 2024 car sales fell 3% in a tough year for automakers

Annual sales of battery-electric cars (BEV) dropped by 23 per cent to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year

Mercedes-Benz G-Class Electric SUV with EQ tech launched at Rs 3 crore

Mercedes-Benz began accepting bookings for the G 580 electric last year, and deliveries are expected to begin in the January-March 2025

After record sales in 2024, Mercedes plans to open 20 new outlets in India

Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger generations

Luxury carmaker Mercedes-Benz appoints Emrah Ozer as CFO for India

German luxury carmaker Mercedes-Benz on Monday said Emrah Ozer has been appointed as its Chief Financial Officer for its Indian operations as part of an organisational change in its finance and controlling function effective since January 1, 2025. Ozer, currently associated as a Member of the Board of Management and Head of Finance & Controlling, Mercedes-Benz Otomotiv Turkey, will be inducted into the Board of Mercedes-Benz India as Executive Director in due course of time. He succeeds Evren Cakabey who has taken over as the Executive Director & CFO, Mercedes-Benz G GmbH, Austria, effective January 1, 2025, Mercedes-Benz India said in a statement. Commenting on Ozer's appointment, Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, said the company will benefit from his rich expertise in managing International Finance, business modelling and investor relations. "We are confident that Emrah, with his diverse international financial experience and proven track ...

Tata Motors, MG offer free charging, battery rentals to lure EV buyers

The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'

South Korea antitrust regulator probes Mercedes-Benz unit after EV fire

The investigation came after a fire involving a Mercedes-Benz electric vehicle broke out in the city of Incheon on August 1

Luxury car buyers in India speed up shift to EVs, outpacing mass market

Mass-market EV sales dropped 10% year-on-year in August, but the luxury segment is seeing strong demand, with premium carmakers reporting a solid order pipeline

Mercedes-Benz confident of double-digit growth, rolls out 2 new models

German luxury carmaker Mercedes-Benz on Thursday sounded confident of posting a double-digit growth this calendar year and said it is expecting the demand to remain good in the coming festive season on the lines of last year. Speaking with PTI at the launch of two new top-end car models, Mercedes-Benz India Managing Director and CEO Santosh Iyer said that the company is seeing growth in its electric vehicle portfolio also and it will come out with the electric version of Maybach in September this year. With the unveiling of the Mercedes-AMG GLC 43 4MATIC Coup and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively, the company has strengthened its top-end product range further. "We grew 9 per cent in the first half of 2024. Of course, quarter two is low seasonality and this year it was even low considering elections. But when we look at the third quarter it is again showing a good amount of bookings. The market is there. We are confident of a ...

Want continuity of policy backing EVs for 8-10 yrs: Mercedes-Benz India MD

Mercedes-Benz India wants the government to commit to continuity in policies that support electric mobility for the next eight to ten years, for stable and better planning towards zero emission mobility, its Managing Director and CEO Santosh Iyer said on Tuesday. Besides, the company feels that providing the incentives given to electric vehicles to hybrid vehicles will extend the timeline for transition to emission free mobility. The company, which had increased EV penetration to 6 per cent in the first quarter of 2024, from 2.5 per cent earlier, expects the momentum to carry going forward with three new EV models slated for launch this year, starting with the EQA next week. "A much more clear roadmap when it comes to taxation on EVs," Iyer told PTI here when asked about the company's expectations from the upcoming Union Budget. "We understand that the Budget may not address the GST topic, but at least if you are able to get a commitment that for the next eight to ten years, this k

China urges EU to rethink EV tariffs; says 'cooperation the way forward'

Brussels seemed to have left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario, the Xinhua commentary added