Mercedes-Benz India has announced that it will hike prices of its entire range by up to 10 percent and this will be effective from January 1, 2014. The Germany automaker, however, didn’t mention the reason for this price hike.
Mercedes-Benz’s German rivals Audi and BMW have already hiked the prices of their vehicles due to business pressure and other economic factors. Mercedes Benz sells a range of luxury cars and sports utility vehicles in India, including compact cars like the A-Class and B-Class and the C-Class. The E-Class and the S-Class which belong to the executive segment and the sports car SLS AMG. It also sells a wide range of AMG performance cars.
“Mercedes-Benz stands out for its iconic luxury offerings and continues to be admired for its complete luxury product experience. A fantastic year of offensive focus has helped us achieve tremendous success in India despite challenging market conditions and we will continue to build on our success by further enhancing our after-sales programmes, dealer network and customer support. As market dynamics continue to evolve we are committed to offer the best luxury experience and delight our valued customers,” said Eberhard Kern, MD & CEO, Mercedes-Benz India.