Quarterly price hikes becoming ‘new normal’ amid rising costs: Mercedes-Benz India’s Santosh Iyer
Santosh Iyer, Managing Director & CEO of Mercedes-Benz India, stated that quarterly price hikes have become the 'new normal' due to rising costs, including rupee depreciation and logistics expenses. The company has raised prices four times this year, but has not fully transferred these costs to customers, maintaining strong demand with over 1,000 bookings for the new CLA BEV.