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Mercedes-Benz India announces price hike

Posted on Jan 01, 02:43PM | IBNS

Automobile giant Mercedes-Benz India on Tuesday quantified price increase plan for their vehicle range in India.

The increase in the price range is from 1-3pc and will be effective from Jan 14.

Eberhard Kern, Managing Director and CEO, Mercedes-Benz India, said, "Rising inputs cost, volatility of the rupee-euro, high interest rates and other associated factors have put significant pressure on us.

"Consequently, we are forced to share a part of this burden with our customers and we will increase prices of our vehicles to the tune of 1-3pc effective 14-January, 2013."

"However, to support the purchase decisions of our discerning customers, Mercedes-Benz Financial Services will be supporting with various finance options," he said.

The price of the B-Class will be increased by 1pc , for the C-Class and E-Class sedans it will be 1.5pc and for the S-Class sedan, the rise in price will be 3pc .

The M-Class SUV will be dearer by 3pc and the prices of the CBU range of vehicles comprising the CLS-Class, SLK-Class, R-Class and the SLS AMG will also be increased by 1pc .