Mercedes-Benz To Raise Prices By Up To Rs 12.2 L

New Delhi: Mercedes-Benz India on Friday said it will hike ex-showroom prices of its models, ranging between Rs90,000 and Rs12.2 lakh in two stages this year, in order to partially offset the impact of significant forex fluctuations.

Price corrections in June and September will range between Rs90,000 for a C-Class to Rs12.2 lakh for the Mercedes-Maybach S 680. The luxury car market leader plans to hike model prices by around 1-2 per cent from June 1 and by 1.5 per cent from September 1, this year.

Mercedes-Benz India MD and CEO Santosh Iyer said, “the two-stage price hike, entailing a total increase of around three per cent, has been initiated to minimise the financial impact for buyers.”