Mercedes-Benz to increase prices by Rs 2-12 lakh across models from Apr 1

Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange.

This will be the second time in three months that the company is increasing prices of its vehicles.

The ex-showroom price of the company's model range will increase by up to 5 per cent from April 1, 2023, the company said.

Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI that the company has been tracking the Euro and the Rupee has depreciated against it in the past few months.

"In October it (Euro) was around 78-79 (to a Rupee) and now it is at 87. It is really putting pressure and if we don't take this proactive step now, it will deteriorate our overall business model in India," he said.

As a result, from April, prices of the company's A-Class limousine will go up by Rs 2 lakh and GLA SUV by Rs 7 lakh for the top-end