After BMW India, Mercedes-Benz India has also joined the bandwagon and announced a 2% hike in cars across its range from 1st January 2016.
Mercedes-Benz has said rising input costs were a major contributing factor in the price revision. Roland Folger, CEO of Mercedes-Benz India, said: “Mercedes-Benz has been creating continuous value propositions for the Indian customers by offering the best products from our global portfolio in India.”
“We have enhanced this value addition even further through our localization efforts. However, with rising input costs, we are compelled to make some price adjustments to our product range to protect the investment of our customers in the brand, maintain our premium brand positioning in the market and sustain a profitable business.
“We want to further enrich the strong foundation which we have created for the brand in India.”
People looking to buy a Mercedes-Benz will have to act soon to get their German car at the existing prices.