Mercedes-Benz India to hike model prices by up to 3% from April 1

Mercedes-Benz India on Thursday said it will increase prices of its entire model range by up to 3 percent from April 1 in order to partially offset the impact of increase in input costs.

The prices of the cars retailed by the Pune-based firm would go up in the range of Rs 50,000-Rs 5 lakh from next month. "The imminent price correction would be in the range of 3 percent, across the entire model range. The constant increase in input costs in addition to an increase in logistics costs have been exerting significant pressure on the overall costs of the company," the luxury automaker said in a statement.

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 in its endeavour to operate a sustainable and fundamentally strong business, it added.