- 23 hrs ago Piaggio Ape HT Three-Wheelers Launched In India At Rs 2.24 Lakh: Cargo & Passenger CNG Available
- 1 day ago Dakar Rally 2022: Audi RS Q e-Tron Unveiled For The Rally Race: Battery Capacity, Specs & Other Details
- 1 day ago 2021 Tata Tiago NRG Launching Soon — Design, Features & Other Details
- 1 day ago SSC Tuatara’s 500+Km/h Top Speed Record Proven Wrong; SSC Admits To Botched Up Figures
- Sports IPL 2021: Full schedule of remainder of IPL 14 in UAE, time in IST, CSK to face MI in opening match
- News WATCH: Himachal bridge hit by boulders rolling down hill
- Finance 3 Best Performing And High-Rated Gilt Funds To Start SIP In 2021
- Movies Karan Johar: I Cannot Backslap Shah Rukh Khan; He Is A Very Spiritual Person [Flashback]
- Education CGBSE 12th Marksheet: Check CG 12th Result Name Wise And Roll Number
- Lifestyle Cancer Centre Successfully Initiates Neuro-Monitoring Technique For Spinal Cord Surgery, A First In Mumbai
- Technology Vodafone-Idea Likely To Follow Airtel; Increase Tariffs Of Postpaid Plans
- Travel 10 Best Places To Visit In Andaman and Nicobar Islands In August
Mercedes-Benz India has announced that it will be increasing the prices of its model range effective 15 January 2021. The imminent price correction would be in the range of 5 per cent, across the model range. Mercedes-Benz has also been investing in introducing new technologies and features like 'Mercedes me connect' across its product portfolio.
Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, "At Mercedes-Benz, we offer an enriched product portfolio with the latest features like Mmc technology and keep introducing new product enhancements in specific models. We have been operating a sustainable and future-ready business; however, a necessary price correction is required to offset the continuous rise in input and operational costs."
"The new price range of our select vehicles will ensure the brand's premium price positioning, assuring a sustainable growth both for the brand and our dealer partners, enabling the continuation of the best-in-segment customer ownership experiences, equated with Mercedes-Benz," he further added.
So, why has the company increased the prices of its model range? It is because of the weakening of the Indian currency compared to the Euro since the past six to seven months, combined with an increase in input costs. This has led to significant pressure on the overall production costs.
In other recent Mercedes-Benz news, the company launched the new S-Class 'Maestro' Edition in the Indian market that carries a price tag of Rs 1.51 crore, ex-showroom (India). The new Maestro Edition of the S-Class is also the first Mercedes-Benz product to feature the latest-generation 'Mercedes Me Connect' technology, which now comes with home integration and voice assistance.
Mechanically, the S-Class 'Maestro' Edition uses the same 3.0-litre in-line six-cylinder diesel engine producing 286bhp of power and 600Nm of peak torque. The engine comes paired with an automatic transmission.
Thoughts About Mercedes-Benz Increasing Its Prices Of Its Model Range
As we mentioned earlier, because of the weakening of the Indian currency compared to the Euro since the past six to seven months, combined with an increase in input costs the overall production costs have gone up. The increase in the price list is approximately Rs 2 lakhs for a C-Class and goes all the way up to the Rs 15 lakhs mark for an AMG GT 63 s 4 door.