Mercedes-Benz to raise prices by 2 percent in 2016

Mercedes-Benz has announced that the prices of its ex-showroom models across its entire range will rise by 2% on January, 1, 2016.

The German manufacturer announced that rising input costs were a major contributing factor in the price revision.

Roland Folger, CEO of Merecedes-Benz India, said: “Mercedes-Benz has been creating continuous value propositions for the Indian customers by offering the best products from our global portfolio in India.

“We have enhanced this value addition even further through our localization efforts. However, with rising input costs, we are compelled to make some price adjustments to our product range to protect the investment of our customers in the brand, maintain our premium brand positioning in the market and sustain a profitable business.

“We want to further enrich the strong foundation which we have created for the brand in India.”