Mercedes-Benz India to revise prices on select models up to 3%

Factors comprising increase in custom duty on automotive parts compounded by additional cess and excise duty on fuel have led to rise in input cost, which is exerting significant pressure on operations

Luxury car giant Mercedes-Benz India announced an upward revision of the price of its select model range effective first week of August, 2019. 

The price correction would be up to the range of a moderate 3%, varying across the model range.

Martin Schwenk, Managing Director & CEO, Mercedes-Benz India,  said, “A hike in custom duty on automotive parts, compounded by an increase in excise duty and cess on fuel have had a significant impact on our bottom line. We were left with fewer options, but to make some necessary price adjustments to our product range at the moment to offset the impact of the rising input costs.”