Mercedes-Benz to hike prices

Those planning to purchase car from the Mercedes-Benz stable should consider doing it sooner. The German car maker is scheduled to hike the prices of its models by up to 2.5 per cent starting September 1. The company claims that the constant rise in input costs and the sustained high exchange rate has forced them to revise the prices. 

Eberhard Kern, Managing Director & CEO, Mercedes-Benz India commented, “Mercedes-Benz continues to offer ‘top of the line’ products for its customers and focuses on adding more value to their overall ownership experience. We have decided to upwardly revise the prices of some of our models given the rising input costs and continued high exchange rate."

The company further emphasised that while the prices will have to go up, they will continue to focus their energies on finance solutions like ‘Flexinomics’ that offers tailor made finance solutions and STAR Finance schemes for extremely fast loan approval in merely 30 minutes. 

Mercedes-Benz is yet to reveal specifics about what kind of price hike each model will receive.