Hyderabad, Mar 17:
India’s largest luxury carmaker, Mercedes-Benz India, on Thursday announced an upward revision in price of its entire model range effective from April 1.
The imminent price correction would be in the range of 3 per cent across the entire model range.
The constant increase in input costs in addition to an increase in logistics costs has been exerting significant pressure on the overall costs of the company, the company said in a statement.
The rising input costs also led to a significant increase in the company’s operational costs, prompting Mercedes-Benz to revise the ex-showroom price of the entire model range in its endeavour to operate a sustainable and fundamentally strong business.
Martin Schwenk, Managing Director and CEO, Mercedes-Benz India, said the new price range will ensure the brand’s premium price positioning, enabling seamless continuation of best-in-segment ownership experiences for our discerning customers. (UNI)
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