Mercedes to hike prices by 2.5% in India from Sept

Firm says hike is needed to offset rising input costs and high exchange rate

Rising input costs coupled with other factors like continued high exchange rate that has been impacting the bottom-line has made the German car-maker Mercedes-Benz to revise its prices upwards. The price revision will be effective from September 1, 2014.

The quantum of price increase would be up to 2.5%, varying across model range, said the company.

“We have decided to upwardly revise the prices of some of our models given the rising input costs and continued high exchange rate. Our aim remains to grow sustainably in the market in the long-term and keep creating new benchmark in modern luxury for our customers,” said Eberhard Kern, Managing Director & CEO, Mercedes-Benz India.    

In India Mercedes Benz sells a range of luxury and sports utility vehicles. These include compact cars A Class, B Class, sedans C Class, E Class and S Class and G63 AMG. The price range of these product varies from Rs 26.19 lakh to Rs 1.85 crore.