Mercedes-Benz India to raise car prices by up to Rs 12 lakh from April 1

German marque Mercedes-Benz is set to increase prices of its vehicles by 5 percent, between Rs 2 lakh to Rs 12 lakh across different models. The revised prices will come into effect from April 1, 2023.

The luxury carmaker said that rising input costs and the adverse impact of foreign exchange. It should also be noted that this is the automotive manufacturer’s second hike in three months. The company had increased the prices of its Top-End Vehicle (TEV) segment post-Union Budget 2023, when the government announced a hike in basic customs duty.

Mercedes-Benz India stated that “depreciation of the currency compared to the Euro, combined with increased input costs, as well as logistics costs, have been exerting pressure on its overall operational cost. To offset these costs, the company has decided to revise the ex-showroom prices of its models.”

Following the price hike, the GLA and A-Class Limousine will cost Rs 2 lakh more, while the price of the S 350d will go up by Rs 7 lakh. The top-of-the-line Maybach S 580 will see its price rise by a whopping Rs 12 lakh.