Mumbai, Jan. 8 -- Mercedes-Benz has announced a price hike across its entire product range in India, a move that will come into effect from 15 January, 2021. The increase in prices would be in the range of five per cent.

Speaking on the occasion, Martin Schwenk, Managing Director and CEO, Mercedes-Benz India, said, "At Mercedes-Benz, we offer an enriched product portfolio with the latest features like MMC technology and keep introducing new product enhancements in specific models. We have 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. The new price range of our select vehicles will ensure the brand's premium price posi...