Mercedes-Benz has announced that it will hike prices of all its vehicles sold in India in the range of one to three percent from January 14. The German luxury automaker has attributed the hike to rising input costs and volatility in the value of the Rupee against the Euro as well as high interest rates
Commenting on the price hike, Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, "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 1-3% effective 14-January, 2013.
The price of the B-Class will be increased by one per cent, for the C-Class and E-Class sedans it will be 1.5 per cent while for the S-Class sedan, the rise in price will be three per cent. The M-Class SUV will be dearer by three per cent while 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 one per cent.
