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Mercedes-Benz has revised the price of its cars by up to 10 per cent. The price hikes will kick in from January 1, the company said in a press statement.
“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," Eberhard Kern, Managing Director & CEO, said in a press statement.
PTI adds: While the company did not specify the reason for the price increase, its rivals BMW and Audi have already said they would hike prices from January onwards owing to pressure on their business due to economic factors.
Mercedes Benz sells a range of luxury cars and sports utility vehicles in India, including compact cars A Class and B class, sedans C Class, E Class and S Class and sports car SLS AMG, priced between Rs 22 lakh and Rs 3 crore.
Earlier this week, Honda Cars India Ltd (HCIL) said it also planned to hike prices of its entire product range from the first week of January to partially offset impact of adverse exchange rate and inflation.
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