Mercedes Benz India have announced a hike in prices across its entire model range sold in the country by up to 2.5 per cent. The price hike will be put into effect from September 1, 2014. The German automaker has attributed the price hike on swelling input costs and the prevailing high exchange rate, making a price revision inevitable.
Mercedes Benz’s portfolio for India consists of compact cars, the A-Class and the B-Class, sedans C-Class, E-Class and S-Class and SUV G63 AMG - all priced between Rs 26.19 lakh and Rs 1.85 crore.
Commenting on the price hike, Eberhard Kern, managing director & CEO of Mercedes Benz India said, “The company plans to offer ‘top of the line’ products to customers. In that pursuit, we have decided to revise the prices of some of our models, given the rising input costs and the continued high exchange rate.”