IAB Report - Mercedes India announces price hike of up to 2.5% from September

19/08/2014 - 11:00 | ,  ,  ,   | Nithyanandh K

The price hike percentage will vary depending on the model.

Citing rise in input costs and high exchange rate, Mercedes-Benz India Ltd. (MBIL) has announced a price hike of up to 2.5% across its range which will come into effect starting from September 1.

Mercedes-Benz ML 63 AMG Review tracking shot
The price hike will be effective from September 1.

Commenting on the price hike, Mr. Eberhard Kern, Managing Director and CEO, MBIL, stated:

We have decided to upwardly revise the prices of some of our models given the rising input costs and continued high exchange rate. Mercedes-Benz models are highly enriched in terms of features and they command high customer preference in the market. Our aim remains to grow sustainably in the market in the long-term and keep creating new benchmark in modern luxury for our customers.

The company says that financial solutions from the Mercedes-Benz Financial Services like 'Flexinomics', 'Star Agility', 'Star Lease' and 'Star Supersonic' would remain attractive.

Having launched the CLA 45 AMG, the German carmaker is preparing itself to launch the GLA compact SUV which would be an important volume spinner for the brand. The company has also announced that the regular variants of the CLA sedan will be launched by January 2015.

Mercedes GLA Competitors: Audi Q3, BMW X1, Volvo V40 Cross Country

Mercedes GLA Expected Price: INR 27 – 32 lakhs, ex-Showroom

Mercedes GLA Launch Date: October 2014

Mercedes India price hike from September 2014 - Press Release

[Head to Slideshare if you can't view the press release.]

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