India, Dec. 11 -- The price hike will be effective from the first week of January 2020.
Mercedes-Benz India has recently announced that it'll revise the ex-showroom prices of its entire model range, starting January 2020. Citing rising input costs as the reason behind the move, the prices are expected to go up by up to 3 per cent, which will vary depending on the model.
Sharing his thoughts on the decision, Mr Martin Schwenk, MD & CEO of Mercedes-Benz India said, 'We have been reviewing the various cost escalations, including the rise in the commodity and input costs that have been exerting pressure on our bottom line. To run a sustainable business and protect our customers' investment in the brand, there is a need to offset the impact of...