Mumbai: German Luxury automaker Mercedes-Benz has announced that it will hike the prices of select models in India. The price will be hiked by up to 2% for select models. The new price will be in effective from 1 January 2024.
The price hike will range from Rs 60,000 for the C-Class, which is priced between Rs 57 and Rs 62 lakh. The GLS SUV, which is priced at Rs 1.31 crore, will see a hike of up to Rs 2.6 lakh, and the flagship Mercedes-Maybach S 680, which is priced at Rs 3.40 crore, will incur a price hike of Rs 3.4 lakh. All prices mentioned above are ex-showroom, India.
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‘A combination of rising input costs, commodity costs, and logistics costs driven by high inflationary pressures, have been exerting significant pressure on the company’s overall operational cost. A combination of these factors has prompted Mercedes-Benz India to upwardly revise the ex-showroom price of its select models, offsetting some of these costs to sustain a profitable business for the company and its Franchise Partners. While the company majorly absorbs these costs, a minute portion of this will be passed on to the market,’ Mercedes-Benz India stated in an official statement.
Most of the passenger vehicle makers, Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, Volkswagen, Škoda Auto, Audi and BMW, have announced plans to increase the prices of their vehicles in January to offset the adverse impact of rising input and material costs.
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