German luxury car manufacturer Mercedes-Benz has announced its plans to revise the ex-showroom price of select model range in August 2019. The price revision of select model range will be up to three per cent. Mercedes-Benz attributes the hike in price to the increase in custom duty on automotive parts due to additional cess and excise duty on fuel cost that has led to the rise in input cost.
Speaking on the occasion, Martin Schwenk, Managing Director and CEO, Mercedes-Benz India said, “As the leading luxury automobile maker in India, we have been relentlessly working on offering the best of products and industry benchmark customer service and ownership experience. However, a hike in custom duty on automotive parts, compounded by an increase in excise duty and cess on fuel have had a significant impact on our bottom line. We were left with fewer options, but to make some necessary price adjustments to our product range at the moment to offset the impact of the rising input costs.”
Mercedes-Benz, one of the leading luxury manufacturer in the country has tailor-made financial offers and easy maintenance packages to meet individual requirements. The revised ex-showroom prices of the select models will be known early in August.