Mercedes to hike car prices by 2.5 to 4.5 percent

Mercedes Benz India announced a rise in the prices of its entire line-up of cars by 2.5 to 4.5% effective September 1, 2013. Mercedes says that the price hike is a result of exchange rate effects, higher import duties and rising input costs. The constant weakening of the currency and the increase in other relevant taxes further impacted the business, adversely.

Eberhard Kern, Managing Director and CEO, Mercedes Benz India, commented, “The rising input costs along with higher import duties have been creating significant pressure on our bottomlines for quite some time now. However, despite the price hike, the attractive financial solutions from Mercedes-Benz Financial Services like ‘Flexinomics’, ‘STAR Agility’ and ‘STAR Supersonic’ loan approvals etc. are all tailor made for our customers.”

The price hike affects cars right from the A-Class to the ML. Following are the changes in prices (all prices ex-showroom Mumbai)

A 180 CDI - Rs 22.05 lakh, B 180 CDI - Rs 23.50 lakh, C 200 CGI Avantagarde - Rs 32.25 lakh, E 200 CGI - Rs 42.16 lakh and the ML 250 CDI - Rs 50.98 lakh.