Mercedes-Benz India to hike vehicle prices by up to 2% from January

• Mercedes-Benz India to hike vehicle prices by up to 2% from January.
• The price increase is to offset the impact of the weakening rupee against the Euro and sustained forex pressures.
• Rising input costs, commodity prices, and increased logistical expenses also necessitate the price correction.
• The company aims to maintain operational sustainability despite aggressive localization efforts.
• BMW India is also considering a vehicle price hike from January due to similar currency weakening issues.

Why It Matters: Luxury car prices are rising due to currency and cost pressures.