MUMBAI: Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs that have pushed up the overall production cost.
With this, the low-end model like C-Class will be costlier by Rs 2 lakh, while top-end models such as AMG GT 63S Door Coupe will cost a customer by Rs 15 lakh more, the company said in a statement.
It added that Mercedes-Benz India will revise upwards the price of its model range effective January. The imminent price correction would be in the range of 5 per cent across models, the company said.
The German car maker said it has been investing in technology in its product range besides introducing certain product enrichments to keep its model range enhanced and updated.
“However, the weakening of the Indian currency compared to the euro in the past six-seven months, combined with an increase in input costs, has been exerting significant pressure on the overall costs,” Mercedes-Benz India said.
The car maker added that a combination of all these factors led to a significant increase in the company’s operational costs. It prompted the company to revise the ex-showroom prices of the entire model range and continue to build a sustainable and fundamentally strong business, it said. (AGENCIES)
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