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Luxury Car Market Growing 9-10%; Mercedes-Benz Weighs Further Price Hikes

Luxury Car Market Growing 9-10%; Mercedes-Benz Weighs Further Price Hikes

Chetan Bhutani
Chetan Bhutani
  • New Delhi,
  • Sep 7, 2026,
  • Updated Sep 7, 2026, 2:49 PM IST

Mercedes-Benz India MD & CEO Santosh Iyer on resilient luxury car demand, rising costs and rupee depreciation, and the possibility of further calibrated price hikes. He also discusses the premiumisation trend, with 28% of Mercedes-Benz sales coming from cars priced above ₹1.5 crore, and the outlook for the luxury car market.