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.”

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Axis Bank has announced its appointment as a preferred financer for Tesla in India, which will see the company provide financing solutions for customers purchasing Tesla vehicles as part of a nationwide rollout.

The collaboration covers major metropolitan areas and emerging electric vehicle (EV) hubs. The initiative is designed to integrate with Tesla’s global ownership model by using digital onboarding to manage the purchase journey.

Axis Bank has developed specific auto-loan products for the premium EV segment. These offerings focus on repayment flexibility and digital processing speeds.

It includes loan tenure options extending up to 10 years. Customised structures designed to align with individual customer cash flows. A fully digital onboarding process intended to reduce sanction turnaround times. Coverage across all-India locations to support Tesla’s market entry.

Munish Sharda, Executive Director, Axis Bank, said, “As electric mobility gains momentum in India, Axis Bank is proud to collaborate with Tesla to help accelerate this transition. Through this collaboration, we are bringing together world-class electric vehicles with innovative, tailored financing solutions and seamless customer engagement. This makes it easier for customers to adopt sustainable mobility without compromising on convenience or flexibility. This initiative reflects our continued focus on responsible banking and future-ready solutions.”

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Vietnamese electric vehicle brand VinFast has announced the completion of its strategic restructuring into three automotive brand lines. The company officially unveiled two flagship models, the Lac Hong 800S and the Lac Hong 900S, to head its ultra-luxury marque.

The restructuring divides the portfolio into the Lac Hong ultra-luxury line, the VF passenger vehicle range and the Green commercial mobility brand. VinFast has maintained a leadership position in Vietnam for 16 consecutive months, delivering 175,099 vehicles in 2025.

The three brands target different market segments to support the company's next phase of development:

• Lac Hong: Comprises the 900 LX, 900S, and 800S models.
• VF: Includes a portfolio of passenger EVs from the VF 3 to the VF 9 and the VF MPV 7.
• Green: Developed for commercial mobility, featuring the Limo Green, Herio Green, Nerio Green and Minio Green models.

The new Lac Hong 800S and 900S models use design elements inspired by Vietnamese heritage, such as a grille with vertical slats and emblems evoking the Lac bird. Interior materials include Nappa leather, wood and gold-plated accents.

They are equipped with a tri-motor system with one front motor and two rear motors; a combined output of 460 kW and a fully active suspension system for ride comfort and stability.

On the inside, it gets executive seating and power-assisted doors. The 900S includes a privacy partition, a projection entertainment system and a workstation.

The Lac Hong 800S and 900S are scheduled for commercial launch in 2027.

At present, VinFast operates manufacturing facilities in Vietnam and India, with planned operations in the United States. The facility in Thoothukudi, Tamil Nadu, represents a USD 500 million investment and is designed to produce 150,000 vehicles annually.

Duong Thi Thu Trang, Deputy CEO of Global Automotives, VinFast, said, “Following a period of accelerated growth - achieving the No.1 position in Vietnam and establishing our presence in key regional markets - the completion of our three-brand structure lays the foundation for our next phase of development: structured, professional and breakthrough-driven. The Lac Hong 800S and 900S stand as further proof of VinFast’s technological mastery, product development capability and advanced manufacturing expertise. We believe products created by Vietnamese intellect, craftsmanship and resilience not only inspire national pride but also convey a powerful message about Vietnam’s cultural heritage and technological stature in this new era of global advancement.”

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Mercedes-Benz has introduced the all-new V-Class to the Indian market, a model poised to transform the landscape of private luxury transportation. This vehicle is designed to offer an ambiance of spaciousness, freedom and serenity, effectively functioning as a personal sanctuary for those who value both privacy and sophisticated comfort while traveling. By merging progressive design with exceptional roominess and lavish appointments, it establishes a new benchmark in its category.

The vehicle is built on an extended wheelbase platform (5,370 mm length, 3,430 mm wheelbase, 1,928 mm width, 1,880 mm height), which provides the foundation for its generous interior. Its primary focus is on creating what the brand describes as a 'Private Suite' on wheels, ensuring each journey is tailored to individual preferences. The cabin is configured with six seats, with the second row featuring premium individual seats equipped with ventilation, massage functionality, calf rests and integrated wireless charging. In a segment-first move, the third-row seats also offer ventilation, ensuring passenger comfort is prioritised throughout the vehicle. The front seats are fully electric and include ventilation and adjustable cushion length, establishing a commanding position for the driver.

The sensory experience within the V-Class is meticulously curated. A 64-color ambient lighting system allows passengers to personalise the cabin's mood, complemented by a high-fidelity Burmester surround sound system with 15 speakers. Climate comfort is managed by an advanced automatic system, and the ENERGIZING Comfort package offers a selection of up to 10 wellness programs that harmonise various in-car systems. Practical luxury is evident in the electrically operated sliding doors on both sides and the split tailgate, which can be controlled through multiple touchpoints for effortless access and loading in any situation.

The V-Class offers both petrol and diesel powertrain options, each paired with a nine-speed automatic transmission. It is the first market globally to offer the AIRMATIC air suspension system on both fuel types, ensuring a supremely comfortable ride across varying terrains. The vehicle's exterior is defined by the AMG Line package, featuring a distinctive radiator grille and LED lighting. Advanced technology includes the MBUX infotainment system, MULTIBEAM LED headlights that adapt to traffic and a comprehensive suite of driver assistance systems for safety and convenience. Available in five metallic exterior shades and two interior leather choices, the all-new V-Class represents a holistic approach to mobile luxury, combining space, technology, and personalized comfort in a locally produced package.

In a significant strategic development, Mercedes-Benz India will produce the new V-Class locally. This decision reinforces the company's long-standing dedication to the Indian market and follows the recent announcement of local production for another ultra-luxury model. The V-Class thus becomes the second high-end vehicle this year to be assembled domestically, underscoring the brand's commitment to deepening its roots in the country. Customer bookings are now open, with an initial deposit of INR 500,000 securing priority delivery and an introductory price for existing clientele.

Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, said, “We are delighted to introduce the all-new V-Class for the Indian market, redefining the concept of a ‘private suite’ offering luxury, space and privacy to our exclusive customers. The V-Class addresses a growing trend amongst India’s opulent customers and trend setters, who seek an oasis of personal space, tranquillity and privacy while travelling in the lap of luxury. The decision to start the local production of the V-Class further reinforces our India commitment, adding significant value to our customers.”

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Maruti Suzuki India is celebrating the 10th anniversary of its compact SUV, the Brezza. Launched in 2016, the model has remained among the top 10 bestselling passenger vehicles in India for a decade and has contributed to the compact SUV segment's 31 percent share of the current market.

The Brezza has transitioned through two generations since its debut. In its first year, the vehicle received 28 automotive awards, including the Indian Car of the Year (ICOTY) 2017. The company data indicates that 56 percent of its buyers consider the model their predetermined choice during the purchasing process.

The current generation is equipped with a 1.5L petrol engine featuring Progressive Smart Hybrid Technology. It is available with a six-speed automatic transmission and steering-mounted paddle shifters.

Standard and available features include:

• Safety: Six airbags, Electronic Stability Program (ESP), and Hill Hold Assist.
• Technology: 360-view camera, Head-Up Display (HUD), and Smart Play Pro+ infotainment.
• Cabin: Electric sunroof and surround sound audio.

Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said, “The Brezza story is one that has empowered the SUV era in India. Conceptualised, designed and developed with new-age customer aspirations, the Brezza’s authentic SUV DNA and feature-loaded cabin have constantly redefined customer expectations with each new model launch. As we reflect on its journey through the decade on its 10th anniversary, it’s worth noting that the Brezza has not just consistently retained its position as India’s most loved SUV; it has also steadily expanded the market share for the entire compact SUV segment to 31 percent contribution to today.”

“The Brezza name today is synonymous with SUVs and continues to command strong brand consideration, with 56 percent of customers considering it as their predetermined choice. We at Maruti Suzuki are deeply thankful to our customers for making the Brezza their SUV of choice for a decade. We remain committed to offering our customers the perfect blend of style, technology, performance, and appeal that wins brand love,” he added.

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