Merc-Benz India to hike prices from Jan 1

NEW DELHI: German luxury carmaker Mercedes-Benz on Wednesday said it will hike prices of select models in India by up to 2 per cent from January 1 next year to partially offset rising input, commodity, and logistics costs.

The price hike will range from Rs 60,000 for the C-Class to Rs 2.6 lakh for a GLS SUV and up to Rs 3.4 lakh for the top-end imported Mercedes-Maybach S 680.

“High-cost pressures driven primarily by rising input, commodity, and logistics costs, combined with inflationary pressures have been exerting cost pressure on our overall operations.” “As we rein in higher efficiencies to offset these rising costs, a slight price adjustment for select models is necessitated to sustain our profitable business operations and retain the price positioning,” Mercedes-Benz India Managing Director and CEO Santosh Iyer said in a statement.

He further said, “While we continue to absorb the majority of this increase, a small portion must be passed on to the market to offset these cost increases. Our tailored financing solutions from Mercedes-Benz Financial Services will, however, ensure an optimum cost of ownership for customers, having a minimal impact”.