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Mercedes-Benz To Hike Prices Of All Models By 3 Per Cent


The price hike is due to an increase in duty on automotive parts and additional cess and excise duty on fuel

  • The price hike varies depending on the model you pick.
  • Mercedes is offering various financial options with interest rates starting from 7.99 per cent.
  • The brand is also offering various service and warranty packages for its cars.

Mercedes-Benz has occupied the pole position in terms of market share in the luxury car segment for a while now. And this is despite the entire automotive industry facing a slowdown in the country.

Come August, the German luxury carmaker is set to hike prices across its model range by up to three percent. Mercedes states that the price hike is due to an increase in duty on automotive parts. Apart from that, additional cess and excise duty on fuel are also key reasons that has forced the manufacturer to increase prices.

Mercedes-Benz’ models are priced from Rs 31.72 lakh for the entry-level CLA sedan and goes up to Rs 2.55 crore for the sporty S63 AMG Coupe (both prices, ex-showroom Delhi).

If the proposed price hike has put a dent on your plans of buying your dream Mercedes, fret not. The carmaker is offering an array of financial solutions at interest rates starting from 7.99 per cent.

Apart from that, Mercedes is also offering leasing options so that you can lease them out for a particular period. The manufacturer is also offering affordable service and warranty programs to ensure that you have a no-nonsense after-sales experience.

Here’s what Mercedes-Benz had to say:

Press Release:

Mercedes-Benz India to revise the ex-showroom price of
select model range by up to 3%

  • Ex-showroom price of Mercedes-Benz select model range set to increase by up to 3% w.e.f. first week of August, 2019
  • Factors comprising increase in custom duty on automotive parts compounded by additional cess and excise duty on fuel have led to rise in input cost, which is exerting significant pressure on operations
  • Smart financial solutions from Mercedes-Benz Financial Services will enable an optimum cost of ownership experience for the customers

Pune: India’s largest luxury carmaker Mercedes-Benz India today announced
an upward revision of the price of its select model range effective first week of August,
2019. The price correction would be up to the range of a moderate 3%, varying across the model range. 

The current increase in customer duty on automotive parts and

additional cess and excise duty on fuel has been exerting significant pressure on overall
operations. The combination of all these factors led Mercedes-Benz India to correct the prices
of its select model range.

Mr. Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, “As the
leading luxury automobile maker in India, we have been relentlessly working on offering the
best of products and industry benchmark customer service and ownership
experience. However, a hike in custom duty on automotive parts, compounded by an increase
in excise duty and cess on fuel have had a significant impact on our bottom line. We were left
with fewer options, but to make some necessary price adjustments to our product range at the
moment to offset the impact of the rising input costs.”

He further added, “Despite this moderate price revision, the innovative and tailor-made
financial offerings from Mercedes-Benz like the recently launched STAR Agility+, STAR
Finance, STAR Lease, Corporate STAR Lease etc. are specially designed for our discerning
customers to drive home their dream Mercedes. These unique solutions provide benchmark
value proposition, enabling a hassle free purchase. Similarly, our service programmes like
STAR Ease, STAR Care, STAR Care Plus and On Road Assistance programmes further elevate
the customers’ overall ownership experience.”

 

 

 

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