Mercedes-Benz launches S 450e plug-in hybrid in India at Rs 2.2 crore, flags tax-driven demand gap
Mercedes-Benz India debuts its first PHEV, the S 450e, with 115 km electric range and Rs 2.2 crore starting price. CEO Santosh Iyer says hybrid uptake (8.05% share) is held back by limited model availability and a steep GST gap—5% on EVs versus 18-40% on hybrids—even as the segment outsells pure EVs (6.63%).
Mercedes-Benz India launched its first plug-in hybrid, the S 450e, priced from Rs 2.2 crore. CEO Santosh Iyer says hybrid demand in India is constrained by limited model availability and lack of tax incentives versus EVs.