Mercedes-Benz India announces 1-3% price hike

Mercedes-Benz India on Tuesday quantified the price increase plan for their vehicle range in India.

The one to three per cent increase will be effective from January 14 said a release issued by the company.

"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. However, to support the purchase decisions of our customers, Mercedes-Benz Financial Services will be supporting with various finance options," the release quoted Eberhard Kern, managing director and CEO, Mercedes-Benz India as saying.

"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 and for the S-Class sedan, 3 per cent will be increased. The M-Class SUV will be dearer by 3 per cent and 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 1 per cent," the release said.

Mercedes-Benz India also announced it has achieved segment benchmark in terms of overall sales in luxury cars in India (cars priced upwards Rs 30 lakh). The new M-Class SUV launched in India in May-2012 has been booked until May-2013. The B-Class pioneered the Sports Tourer category in India is also booked until February 2013.

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