Mercedes-Benz India to hike car prices by 5 pc from Jan 15

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.Mercedes Benz India Managing Director and Chief Executive Martin Schwenk, At Mercedes-Benz, we offer an enriched product portfolio with the latest features like the Mmc Mercedes me connect technology and keep introducing new product enhancements in specific models. Schwenk added that the company has been operating a sustainable and future-ready business.

PTI | Mumbai | Updated: 08-01-2021 18:35 IST | Created: 08-01-2021 18:35 IST
Mercedes-Benz India to hike car prices by 5 pc from Jan 15

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.

Mercedes Benz India Managing Director and Chief Executive Martin Schwenk, ''At Mercedes-Benz, we offer an enriched product portfolio with the latest features like the Mmc (Mercedes me connect) technology and keep introducing new product enhancements in specific models.'' Schwenk added that the company has been operating a sustainable and future-ready business. ''However, a necessary price correction is required to offset the continuous rise in input and operational costs.'' The new price range of the select vehicles will ensure the brand's premium price positioning, assuring a sustainable growth both for the brand and our dealer partners, he said.

It also said that due to the overwhelming demand, the GLE and GLS SUVs and certain variants of the C and E-Class along with the GLC models are waitlisted.

The German car maker's C-Class petrol and diesel are currently priced at Rs 49.50 lakh and Rs 51.50 lakh, respectively, while AMG GT 4 Door Coupe is priced at Rs 2.60 crore.

Similarly, E-Class petrol and diesel are priced at Rs 67.50 lakh and Rs 68.50 lakh, respectively, while AMG C 63 Coupe comes with a price tag of Rs 1.40 crore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

EMERGING MARKETS-Stocks eye best day in three weeks on Powell's dovish comments

Emerging market shares were on course to record their best day in three weeks on Thursday, tracking gains in global equities, with bourses in South Korea, Taiwan and South Africa jumping on hopes that global borrowing costs will remain lowe...

IndiaSpend School of Data Journalism (ISDJ) launches 'Better Reporting on Immunization' course

MUMBAI, India, Feb. 25, 2021 PRNewswire -- IndiaSpend School of Data Journalism ISDJ, a development and solutions journalism learning and upskilling platform, launched its first course on public health systems today, titled Better Reporting...

Pakistan, India agree on strict observance of all agreements, cease firing along LoC

Pakistan and India have agreed to strictly observe all agreements on ceasefire along the Line of Control LoC and address each others core issues and concerns which have the propensity to disturb peace and lead to violence, the Pakistan Army...

German charged for passing parliament floor plans to Russia

A German man has been charged with espionage for allegedly passing information on properties used by the German parliament to Russian military intelligence, prosecutors said Thursday.The suspect, identified only as Jens F. in line with Germ...

Give Feedback