The German luxury vehicle maker Mercedes-Benz India announced an upward revision by 3% in its entire model range price, effective April 1, 2022.
According to the company statement, this has resulted from an increase in overall costs due to the increase in input costs and logistics costs.
Furthermore, the rising input costs also led to a significant increase in the company’s operational costs, prompting it to revise the ex-showroom price of the entire model range to operate a sustainable and fundamentally strong business.
Martin Schwenk, Managing Director & CEO, Mercedes-Benz India, said, “To run a sustainable business a price correction is necessary to offset the continuous rise in input and operational costs. The new price range of our vehicles will ensure the brand’s premium price positioning, enabling the seamless continuation of best-in-segment ownership experiences for our discerning customers.”