DHL Express announces price hikes for India

DHL Express has announced an average price increase of 7.9 percent in India w.e.f January 1, 2023 compared to the current year.

"So far, 2022 has been another turbulent year with a volatile market environment challenging global trade," says R S Subramanian, SVP South Asia, DHL Express. "However, we have proven our ability to offer stable and reliable services to our customers globally. With the annual price adjustment, we are able to invest in our infrastructure and technology to ensure resilient, sustainable, and world-class customer solutions. It includes state-of-the-art aircraft and vehicles, expanding our hubs and gateways to meet increasing customer demand, and investing in green and more sustainable solutions, such as Sustainable Aviation Fuel and electric vehicles."

Prices are adjusted on an annual basis by DHL Express taking into consideration inflation and currency dynamics as well as administrative costs related to regulatory and security measures, says an official release.

"These measures are being regularly updated by national and international authorities in each of the more than 220 countries and territories that DHL Express serves. Depending on local conditions, price adjustments will vary from country to country, and will apply to all customers where contracts allow."

DHL Supply Chain had earlier this month announced a €500 million (Rs 3,900 crore) investment in India over the next five years to expand warehouse capacity, workforce, and sustainability initiatives.