Mercedes-Benz India, the Indian arm of the German luxury car manufacturer has announced that it will be raising its car prices across its product portfolio by 1-3 percent with effect from January 14, 2012. Like many other carmakers operating in India who are increasing the car prices from January 2013, the company has also attributed the price hike to the higher input costs being incurred by the company.
According to Mr. Eberhard Kern Managing Director and Chief Executive at Mercedes-Benz India, the German company will increase the prices on the B-Class hatchback by 1 percent, on the E-Class by 1.5 percent and on the S-Class by 3 percent.
Automakers have been witnessing an increase in the input costs as a result of inflation and frequent fluctuations in value of the Indian rupee. Further, the high interest rates and other associated factors have raised the input costs putting a significant pressure on margins and the automakers are sharing a part of the cost with their customers.
