Mercedes India plans to increase prices from October | Car Dealer Tracker: Car Dealers Review & Rating site | Share your Experiences here

Mercedes India plans to increase prices from October

Mercedes Benz India has a plan to increase the prices of selected models from the first week of October. The price correction would be up to the range of a moderate 2%, varying across the select model range, the company informed in a release on Monday.

Managing Director and CEO, Mercedes-Benz India, said, “The weakening of the currency since the beginning of the year, combined with a sharp increase in the input costs have been matters of concern, creating significant pressure on our bottom line. To offset these costs and drive sustainable business, we have no other option but to make some nominal yet necessary price adjustments.”

“Despite the nominal price revision, our specially designed financial programs like Wish Box 2.0 and a host of service packages will enable the discerning customers to drive home their favorite Mercedes-Benz and enjoy the vehicle ownership associated with Mercedes,” he said.

The carmaker also said it has launched ‘Unlock with Mercedes-Benz’ customized financial solution. It includes complimentary first-year insurance with loan interest rates at 7.99% for C-Class with EMI starting at INR 39,999, E-Class with EMI starting at INR 49,999, and for GLC, EMI starting INR 44,444.