- Mercedes-Benz India
- Forex
- Santosh Iyer
- C200
- GLC 300 4MATIC
- E 200
- GLE300d 4MATIC AMG Line
- EQS SUV 450 4MATIC
- GLS 450 4MATIC
- Maybach S 680
Mercedes-Benz India Announces Two-Stage Price Hike Amid Forex Pressure
- By MT Bureau
- May 09, 2025
Mercedes-Benz India, the country’s leading luxury carmaker, has announced that it will revise the ex-showroom prices of its model range in two phases, starting 1 June 2025. The company attributes it to a steep depreciation of the INR against the Euro and the resulting spike in import costs.
The first increase, ranging from INR 90,000 for the C-Class to INR 1.2 million for the Mercedes-Maybach S 680, will be implemented in June. A further nominal 1.5 percent hike will follow from 1 September 2025. This two-stage strategy aims to give customers financial flexibility and minimise the immediate impact.
To soften the effect, Mercedes-Benz Financial Services will offer innovative financing options, including flexible EMIs and partial ownership plans. For models like the GLA and GLC, EMI changes will be under INR 2,000
Santosh Iyer, MD & CEO, Mercedes-Benz India, said, “Over the last four months, the rupee has depreciated in the market, with an approximate 10 percent drop in the Euro to INR exchange rate, causing significant cost pressures on our business operations. This steep swing in the Euro-INR rate has been severely impacting the cost of imports, for both components and CBU cars. Though we have been absorbing most of the exchange rate difference to date and increasing our localisation initiatives, we are now compelled to pass on a small portion of it to customers. The continuous rise in operational costs, influenced by forex movement, necessitates this slight price correction, which we will pass on to the market, for sustained business of the company and our Franchise Partners. This staggered approach for price revision, along with the value-added flexible financing programmes from MBFS, will not only minimise any financial burden, but will also offer customers a robust leeway to plan their purchases, best suited to their requirements.”
| MERCEDES-BENZ INDIA | |||
| Model | Current Price (INR lakh) | New Price (INR lakh) | Change (INR lakh) |
| C 200 | 59.4 | 60.3 | 0.9 |
| GLC 300 4MATIC | 76.8 | 78.3 | 1.5 |
| E 200 | 79.5 | 81.5 | 2 |
| GLE 300d 4MATIC AMG Line | 99 | 101.5 | 2.5 |
| EQS SUV 450 4MATIC | 128 | 131 | 3 |
| GLS 450 4MATIC | 133.9 | 137 | 3.1 |
| Maybach S 680 | 347.8 | 360 | 12.2 |
Toyota Kirloskar Motor Completes 36th iCARE Project At Bengaluru School
- By MT Bureau
- January 19, 2026
Toyota Kirloskar Motor (TKM) has concluded its 36th iCARE initiative, an employee volunteerism programme, at the Government High School in Kengeri Upanagara, Bengaluru. The project involved over 590 volunteers, including employees and their families, who worked to renovate the school library and create educational materials.
The initiative focused on transforming the library into a functional reading space. Volunteers painted the facility, created wall murals and assembled new furniture, including racks, tables and chairs. They also added new books and established a cataloguing system. To support curriculum learning, the team produced 300 Science and Social Science educational cards designed to assist students with independent study and memory retention.
This project aligns with the National Education Policy (NEP) 2020, which identifies school libraries as resources for literacy and multilingual learning. TKM’s corporate social responsibility strategy focuses on six pillars: Education, Health & Hygiene, Environment, Skill Development, Road Safety and Disaster Management.
Since its inception in 2017, the iCARE programme has reached more than 68,800 students and community members near TKM’s operations. The programme utilises the company’s principles of kaizen (continuous improvement) to address local infrastructure needs.
Sudeep Dalvi, Chief Communication Officer and Project Senior Vice-President, Toyota Kirloskar Motor, said, "At Toyota, we believe education thrives when curiosity is nurtured and learning spaces inspire young minds. Through the 36th iCARE initiative, Toyota is promoting a culture of focus on education and reading with enthusiasm among students to instill them with confidence towards lifelong learning.”
The initiative was timed to coincide with International Education Month, focusing on the role of physical learning environments in foundational literacy.
Jeep India Introduces Confidence 7 Ownership Programme For Compass And Meridian
- By MT Bureau
- January 16, 2026
Jeep India has launched Jeep Confidence 7, a long-term ownership and care package for its Compass and Meridian models with prices starting at INR 41,926 and INR 47,024, respectively.
The programme provides coverage for up to seven years, incorporating warranty, maintenance and roadside assistance to manage ownership costs and vehicle value.
The scheme includes an Assured Buyback (ABB) option, offered through authorised dealers, which guarantees a resale value of up to 60 percent of the ex-showroom price, depending on the vehicle's age and mileage. To manage service expenses, the programme offers an Annual Maintenance Contract (AMC) with costs starting from approximately INR 38 per day. According to the company, this can result in savings of up to 33 percent on scheduled service parts and labour.
The package features several service-oriented benefits, including Priority Ownership and an Express Service designed to complete specific tasks within 90 minutes. A Courtesy Edge provision ensures that if general repairs or services exceed two days, customers are provided with a loaner vehicle or taxi support to maintain mobility.
Additional components of the programme include Roadside Assistance (RSA) for the full seven-year duration and a INR 2,000 voucher for Jeep lifestyle merchandise. The extended warranty is transferable to subsequent owners, which is intended to support the vehicle's resale market value.
Kumar Priyesh, Business Head and Director – Automotive Brands, Stellantis India, said, “Jeep Confidence 7 reflects our unwavering promise to our customers—an elevated, dependable ownership experience that stands true to the Jeep brand’s heritage of trust. Customers today seek transparency, long-term value, and effortless service engagement. With Jeep Confidence 7, we are amplifying assurance, convenience, and peace of mind, ensuring that every Jeep customer feels supported throughout their entire journey.”
Maruti Suzuki India Begins Exports Of Victoris SUV
- By MT Bureau
- January 16, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has started exports of its premium made-in-India Victoris SUV.
Launched in September 2025, the Victoris SUV is available in multiple powertrain options, including petrol with strong hybrid, Allgrip Select (4x4) and factory-fitted S-CNG with an underbody tank design. The SUV can be had with a 1.5-litre hybrid powertrain with EV mode and e-CVT transmission, a multi-terrain 4x4 system with four drive modes and a CNG variant with dual ECUs.
To begin with, the company has earmarked over 450 vehicles to ship from Mundra and Pipavav ports for global markets.
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “Maruti Suzuki’s export journey is guided by the vision of Make in India, Make for the World. In calendar year 2025, with exports of over 3.9 lakh vehicles, we emerged as India’s number one passenger vehicle exporter for the fifth year in a row. The year also marked our re-entry into Europe with the start of exports of our first battery electric vehicle, e Vitara.”
He added, “If we look at growth of India’s passenger vehicle exports in the past five years from CY2020 to CY2025, while the rest of industry grew by 1.43 times, Maruti Suzuki exports grew by 4.67 times. The addition of Victoris will further support our export ambitions, and we are hopeful it will be well received in international markets.”
Kia India Expands Syros Range With New HTK(EX) Trim At Prices Starting INR 989,000
- By MT Bureau
- January 16, 2026
Kia India has expanded its Syros SUV range with the addition of the HTK (EX) variant at prices starting INR 989,000 (ex-showroom) for the petrol version, while the diesel model can be had for INR 1.06 million. With this the Kia Syros now has seven variants.
The HTK(EX) is based on the HTK(O) trim and includes LED daytime running lights, headlamps and tail-lamps. It features R16 alloy wheels and an electric sunroof. Technology updates include a 12.3-inch touchscreen infotainment system, electrically adjustable and foldable outside rearview mirrors and a rear parking camera with sensors.
The Syros is built on the K1 platform and holds a 5-star BNCAP safety rating. The HTK(EX) trim includes a safety suite consisting of six airbags, Electronic Stability Control (ESC), Vehicle Stability Management (VSM) and Hill Start Assist. The SUV also features ABS with EBD as part of its standard safety package, which contains over 20 functions.
Atul Sood, Sr. VP and National Head, Sales and Marketing, Kia India, said, “At Kia, customer insights guide every product decision we make. The introduction of the HTK(EX) trim for Syros reflects our constant focus on responding to customer feedback and delivering meaningful value. By expanding the lineup at an attractive price point, we aim to make our SUV more accessible while continuing to offer the features and quality that customers expect from Kia.”

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