<p>Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs that have pushed up the overall production cost.</p>.<p>With this, the low-end model like C-Class will be costlier by Rs 2 lakh, while top-end models such as AMG GT 63S Door Coupe will cost a customer by Rs 15 lakh more, the company said in a statement.</p>.<p>It added that Mercedes-Benz India will revise upwards the price of its model range effective January. The imminent price correction would be in the range of 5 per cent across models, the company said.</p>.<p>The German car maker said it has been investing in technology in its product range besides introducing certain product enrichments to keep its model range enhanced and updated.</p>.<p>"However, the weakening of the Indian currency compared to the euro in the past six-seven months, combined with an increase in input costs, has been exerting significant pressure on the overall costs," Mercedes-Benz India said.</p>.<p>The car maker added that a combination of all these factors led to a significant increase in the company's operational costs. It prompted the company to revise the ex-showroom prices of the entire model range and continue to build a sustainable and fundamentally strong business, it said.</p>.<p>Mercedes Benz India Managing Director and Chief Executive Martin Schwenk, "At Mercedes-Benz, we offer an enriched product portfolio with the latest features like the Mmc (Mercedes me connect) technology and keep introducing new product enhancements in specific models."</p>.<p>Schwenk added that the company has been operating a sustainable and future-ready business. "However, a necessary price correction is required to offset the continuous rise in input and operational costs."</p>.<p>The new price range of the select vehicles will ensure the brand's premium price positioning, assuring a sustainable growth both for the brand and our dealer partners, he said.</p>.<p>It also said that due to the overwhelming demand, the GLE and GLS SUVs and certain variants of the C and E-Class along with the GLC models are waitlisted.</p>.<p>The German car maker's C-Class petrol and diesel are currently priced at Rs 49.50 lakh and Rs 51.50 lakh, respectively, while AMG GT 4 Door Coupe is priced at Rs 2.60 crore.</p>.<p>Similarly, E-Class petrol and diesel are priced at Rs 67.50 lakh and Rs 68.50 lakh, respectively, while AMG C 63 Coupe comes with a price tag of Rs 1.40 crore. </p>
<p>Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs that have pushed up the overall production cost.</p>.<p>With this, the low-end model like C-Class will be costlier by Rs 2 lakh, while top-end models such as AMG GT 63S Door Coupe will cost a customer by Rs 15 lakh more, the company said in a statement.</p>.<p>It added that Mercedes-Benz India will revise upwards the price of its model range effective January. The imminent price correction would be in the range of 5 per cent across models, the company said.</p>.<p>The German car maker said it has been investing in technology in its product range besides introducing certain product enrichments to keep its model range enhanced and updated.</p>.<p>"However, the weakening of the Indian currency compared to the euro in the past six-seven months, combined with an increase in input costs, has been exerting significant pressure on the overall costs," Mercedes-Benz India said.</p>.<p>The car maker added that a combination of all these factors led to a significant increase in the company's operational costs. It prompted the company to revise the ex-showroom prices of the entire model range and continue to build a sustainable and fundamentally strong business, it said.</p>.<p>Mercedes Benz India Managing Director and Chief Executive Martin Schwenk, "At Mercedes-Benz, we offer an enriched product portfolio with the latest features like the Mmc (Mercedes me connect) technology and keep introducing new product enhancements in specific models."</p>.<p>Schwenk added that the company has been operating a sustainable and future-ready business. "However, a necessary price correction is required to offset the continuous rise in input and operational costs."</p>.<p>The new price range of the select vehicles will ensure the brand's premium price positioning, assuring a sustainable growth both for the brand and our dealer partners, he said.</p>.<p>It also said that due to the overwhelming demand, the GLE and GLS SUVs and certain variants of the C and E-Class along with the GLC models are waitlisted.</p>.<p>The German car maker's C-Class petrol and diesel are currently priced at Rs 49.50 lakh and Rs 51.50 lakh, respectively, while AMG GT 4 Door Coupe is priced at Rs 2.60 crore.</p>.<p>Similarly, E-Class petrol and diesel are priced at Rs 67.50 lakh and Rs 68.50 lakh, respectively, while AMG C 63 Coupe comes with a price tag of Rs 1.40 crore. </p>