Mercedes Benz India hikes prices of all cars by 1-3%

Mercedes Benz India hikes prices of all cars by 1-3% The Indian arm of luxury car maker Mercedes Benz has declared that prices of its cars will go up by 1-3 per cent from 14th January 2013.

Announcing the increase in prices, Mercedes Benz India stressed that its decision was in response of the soaring costs, high interest rates and volatility of the Indian currency.

Announcing the decision, Mercedes-Benz India MD & CEO Eberhard Kern said, "Rising inputs cost, volatility of the rupee-euro, high interest rates and other associated factors have put significant pressure on us."

The luxury brand's CLS Class, SLK Class, SLS AMG, B Class and R class will see a price hike of 1 per cent; while prices of C Class and E Class sedans will go up by 1.5 per cent. The S Class sedan and M Class SUV will see their prices going up by 3 per cent.

To attract more perspective buyers of luxury cars, the manufacturer's financial services division, Mercedes-Benz Financial Services, will continue to support various finance options.

Mercedes Benz India also announced that they successfully achieved their sales target for the period of January to December 2012 by selling a total of 7,138 units.

Mercedes-Benz is now present in a total of 31 cities in India with 72 touchpoints. It other words, it has the densest network among all major luxury car makers in India.

However, Mercedes Benz India is no longer the second biggest luxury car producer in the country. It is now at No. 3. Audi India grabbed the top spot by selling the most number of luxury cars in 2012, and BMW slipped to the second spot.